RE:Embry - Gold & Silver Smash & The Derivatives Time Bomb With all due respect, I think that Mr. Casey is closer to the truth than Mr Embry.
Ask Mr. Embry this question: If he is so sharp about spotting manipulation in the gold market, why does his record as a money manager show that he has been unable to sidestep the bear declines and shakeouts?
Does he ever look at a gold chart and see that the price was way overbought near term?
https://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=0&mn=7&dy=0&id=p47595172191
Does he ever check out the COT data at Comex and see the big jump in Spec longs and spike in Commercial shorts that usually leads to a near term shakeout?
I read a lot of market analysts and I notice that the ones who have the poorest track records are always crying about manipulation when their projections are in error.
Somehow Embry wants us to believe that gold has had this huge rally from $250 to over $1900 in spite of massive manipulation.
And somehow gold is supposed to go up forever and never have a cyclical down market?
Get real.
I have traded gold, silver, platinum, stocks, bonds, currencies, and a variety of commodities.
They ALL go through bull and bear cycles.
They are all manipulated some of the time by powerful interests and not just governments and banks.
The most manipulated markets that I have ever traded are the currencies and often Governments will openly manipulate them.
So I think that Mr. Embry needs to learn how to be an effective trader more than cry about manipulation of the markets.
goldguy