Post by
hallidas1 on Jun 17, 2021 11:39am
Commodity prices under attack
I wonder if the powers that be are trying to smack down the commodity prices to try to cover some of their shorts going into the end of month when Basel III is supposed to start implementation.
Comment by
pennyflipping on Jun 17, 2021 12:54pm
Gold has gone up really fast and this is the typical volitility you see. (these conspiracy comments always remind me of Lucy and Charlie Brown with the football) I guess the SP of tslv could be impacted by PM prices, but an the end of the day the SP will really be based on the resource and drill results.
Comment by
BullionGirl on Jun 17, 2021 3:03pm
Commodity and securities trading is dominated by computer programming of the major players. A metal or security hits a specified price and the computer buy and sell orders go in.All this does is to exaggerate market swings.
Comment by
GoldenOrb on Jun 17, 2021 5:31pm
It's not all conspirarcies - ask JP Morgan after being fined by the CFTC $920 million for silver manipulation. These Big Dog Cheats have been raiding the PM spot price for years. Which honestly doesn't help Link: https://www.silverdoctors.com/silver/silver-news/doj-cftc-jpmorgan-gold-silver-manipulation-settlement-more-than-a-slap-on-the-wrist/
Comment by
pennyflipping on Jun 17, 2021 8:26pm
I personally think that gold is down since the dollar is up, and this will be shrugged off. It's definitely a buying opportunity if you have some spare cash to buy at a discount. :)