GazFx
Corporal
- Messages
- 98
We have to ask, "Is gold and silver truly reflecting supply and demand fundamentals, or is there manipulation at play?"
Seems I am not the only trader to question the integrity of the Gold and Silver markets, and recent price falls amid fundamentals that indicate prices should be rising. You might be interested in an article published by Ainslie Bullion this morning:
The cause of that second flash crash was over $4b of COMEX gold contracts being dumped in an illiquid period of the market further triggering stop losses having breached the ‘death cross’ and support of US$1750. Whilst technically this may have been algo driven, this is not how one exits a position to minimise any loss. Indeed it wreaks of the big bank spoofing that has banks and their trading desk participants being fined and convicted in recent months. This can only be deliberate or, as the great Dwight Schrute said “otherwise, it's just malfeasance for malfeasance's sake.”
Seems I am not the only trader to question the integrity of the Gold and Silver markets, and recent price falls amid fundamentals that indicate prices should be rising. You might be interested in an article published by Ainslie Bullion this morning:
The cause of that second flash crash was over $4b of COMEX gold contracts being dumped in an illiquid period of the market further triggering stop losses having breached the ‘death cross’ and support of US$1750. Whilst technically this may have been algo driven, this is not how one exits a position to minimise any loss. Indeed it wreaks of the big bank spoofing that has banks and their trading desk participants being fined and convicted in recent months. This can only be deliberate or, as the great Dwight Schrute said “otherwise, it's just malfeasance for malfeasance's sake.”