RE:Market Spoofingwestcoast2019 wrote: I know its been covered many times before but here is another example of gold price manipulation . Funny that the news came out today on a day that the POG was slaughtered.
I wonder if the fine represents a deterrent or is it just a cost of doing business.
Not all of the spoofing was precious metals , some was in US treasuries.
It would be interesting to know what amount of gains this spoofing genrated in monies stolen from investors who traded and lost because of the false indicators of market bids or asks they invented
https://markets.businessinsider.com/news/stocks/jpmorgan-pay-record-billion-spoofing-settlement-market-manipulation-investigations-sec-2020-9-1029616906#
We know we're in a crooked casino but we choose to play! What are we investors or gamblers??
I want to keep my profits, so I lightened up today! I also know KL is gonna have a great qtr but the stock price seems solely based on momentum in the price of gold and the trajectory is horrendous.
You can't be blinded by all those gurus, like Sprott and a multitude of others calling for ever greater gold prices! Take what the casino gives you and then leave!!