Gold Market Manipulation and The Federal Reserve

FX Empire Kelsey Williams June 29, 2020

Gold Market Manipulation and The Federal Reserve

Assertions are made that the manipulation takes place in a shroud of secrecy; and the unexpected lower prices for gold, or prices that don’t meet wildly bullish expectations, are cited as evidence of conspiratorial activity.

The claim is made that the price of gold would be much higher if this manipulative trading activity were exposed, acknowledged, and prohibited. But…

ALL MARKETS ARE MANIPULATED

****

I don’t disagree that there are forces at work in the gold market that can be disruptive; and may even be described as manipulative. However, the same is true of all financial markets – stocks, bonds, commodities, etc.

It is worth pointing out that gold and silver bulls are one-sided in their arguments against manipulation and its presumed effect on prices.

When prices don’t meet expectations on the high side, or an  ‘unexpected’ drop in price occurs, finger-pointing at shadow figures is heightened.

Long-side investors in all assets, including precious metals, ‘benefited’ from the manipulative efforts of the Federal Reserve twelve years ago and again just recently.

The recent recovery in prices for stocks, bonds, oil, gold, and silver has been almost unbelievable. It is literally jaw-dropping, but nobody is complaining. Nobody cries foul when markets are manipulated for the purpose of driving prices higher.

Only a couple of years ago, JP Morgan Chase’s accumulation of silver was assumed to be bullish for silver prices. On the other hand, they have also been subject to scrutiny about price manipulation. Would silver bulls care about price manipulation if prices went up?

ALL HAIL THE FED

When prices of most assets dropped sharply in 2008, the Federal Reserve stepped in with both guns blazing and pledged incalculable amounts of money and credit creation.

To continue reading, please go to the original article here:

https://www.yahoo.com/news/gold-market-manipulation-federal-051600422.html