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GOLD staring a down trend
Apr 14, 2014 zamanından beri üye
230 iletiler
Jun 05, 2014 at 18:11
That's right, US authorities has been manipulated the price of gold, as the 'manipulation' is apparent in the US open gold market. Gold is always very important for our entire money system, of course if anything could be controlled it would be controlled.
forex_trader_28881
Feb 07, 2011 zamanından beri üye
691 iletiler
Jun 06, 2014 at 03:36
(Jun 06, 2014 at 03:39 düzenlendi)
@peeterwoolf
Big difference between being controlled and open fraudulent manipulation. The other day someone dumped 500 tonnes of gold into the market at early Sunday morning, when there were almost no orders.
Who the heck has 500 tonnes of gold?
The intention was clearly to drive the market down as far and as fast as possible. That kind of thing kills people. I'll put money on it there was a suicide or two after that event.
It's as corrupt as it gets. And ultimately this level of corruption destroys markets and economies. As can bee seen in how the rest of the word is reacting to US hypocrisy. The end of the petrodollar is in sight and with it WW III. For the record the NYSE does only about 11% of the volumes it used to. That's what happens when you f@ck people over. They leave. And they take their money with them.
I certainly hope that you don't accept this as the normal. It's as rotten as it gets and will ultimately lead to the failure of America and very likely to a global war.
Big difference between being controlled and open fraudulent manipulation. The other day someone dumped 500 tonnes of gold into the market at early Sunday morning, when there were almost no orders.
Who the heck has 500 tonnes of gold?
The intention was clearly to drive the market down as far and as fast as possible. That kind of thing kills people. I'll put money on it there was a suicide or two after that event.
It's as corrupt as it gets. And ultimately this level of corruption destroys markets and economies. As can bee seen in how the rest of the word is reacting to US hypocrisy. The end of the petrodollar is in sight and with it WW III. For the record the NYSE does only about 11% of the volumes it used to. That's what happens when you f@ck people over. They leave. And they take their money with them.
I certainly hope that you don't accept this as the normal. It's as rotten as it gets and will ultimately lead to the failure of America and very likely to a global war.
Apr 14, 2014 zamanından beri üye
230 iletiler
Jun 06, 2014 at 13:03
I certainly do not accept this whole manipulation is normal, and it's certainly not something they can hide from us.
Jun 07, 2011 zamanından beri üye
372 iletiler
Jun 06, 2014 at 23:13
The market manipulation is not acceptable whatever your agent or purpose even if beneficial to the economy of a given state.
forex_trader_28881
Feb 07, 2011 zamanından beri üye
691 iletiler
Jun 08, 2014 at 10:19
(Jun 08, 2014 at 10:21 düzenlendi)
Yes, but I hope you guys understand that not only is the market you're trying to trade beyond any form of analysis, but the contracts you're trading are worthless. And that will very become apparent when the poop hits the fan.
That 500 tonnes of gold that got dumped into the market very likely doesn't exists in any current gold storage, it's been rehypothecated. Melted and sold off as jewellery to the moms in Asia. Had someone taken up that 500 tonnes contract I doubt the seller would have been able to deliver. All he has is a piece of paper pointing to rehypothecated stock.
That's why the owner, Germany (among others! - Asian countries also asked for it's gold back) has to wait 7 years for repatriation.
It was in fact shortly after that event that USA went to India and ask them to stop their people from buying gold. A strategy that has back fired badly, as physical gained a 30% premium in India.
Trading paper gold at this point is rolling dice. It's not trading, it's gambling.
That 500 tonnes of gold that got dumped into the market very likely doesn't exists in any current gold storage, it's been rehypothecated. Melted and sold off as jewellery to the moms in Asia. Had someone taken up that 500 tonnes contract I doubt the seller would have been able to deliver. All he has is a piece of paper pointing to rehypothecated stock.
That's why the owner, Germany (among others! - Asian countries also asked for it's gold back) has to wait 7 years for repatriation.
It was in fact shortly after that event that USA went to India and ask them to stop their people from buying gold. A strategy that has back fired badly, as physical gained a 30% premium in India.
Trading paper gold at this point is rolling dice. It's not trading, it's gambling.
forex_trader_178891
Feb 26, 2014 zamanından beri üye
97 iletiler
Jun 13, 2014 at 03:01
Ok .
Are you guy ready for GOLD really really really long down trend .
This will be the last time you see gold hit 1277 .
Long better cover your ass now .
Short you can start short as much as you can .
Good luck .
Are you guy ready for GOLD really really really long down trend .
This will be the last time you see gold hit 1277 .
Long better cover your ass now .
Short you can start short as much as you can .
Good luck .
Jun 07, 2011 zamanından beri üye
372 iletiler
Jun 13, 2014 at 12:16
The main trend is down.
At weekly chart is below the moving averages of 20, 50 and 200.
However in the short term is likely to go test 1280-1286.
At weekly chart is below the moving averages of 20, 50 and 200.
However in the short term is likely to go test 1280-1286.
Jun 08, 2014 zamanından beri üye
413 iletiler
Jun 14, 2014 at 13:58
Hi everyone
My name is Abdul and i am new in here
what is up ?
😀
My name is Abdul and i am new in here
what is up ?
😀
Apr 23, 2014 zamanından beri üye
2 iletiler
Jun 15, 2014 at 06:30
Dear Everyone
My name Yudison, I am gold trader and new here
Regards
My name Yudison, I am gold trader and new here
Regards
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