The gold price crash is further evidence of market rigging

The Telegraph ^ | 4/16/2013 | Thomas Pascoe

[txrefugee]

Our markets are just as doped as Lance Armstrong’s Tour de France victories. If your money’s still invested, you are heading for disaster.

[Lera]

When supply is expected to increase you should not be surprised when the value drops .

Cypriot finance minister sees gold sale within months
http://www.reuters.com/article/2013/04/17/cyprus-gold-sale-idUSL5N0D41K620130417

[Mastador1]

Your first question in all this should be where is SOROS?

[deoetdoctrinae]

HOW ABOUT A LITTLE HELP FILLING THE TANK?


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[bt-99]

I call bull on this article and the calculations of any normal distribution. Where is this data.

[CharlesWayneCT]

Odd how the price going UP isn’t market manipulation, but price going down is.

Every market is “manipulated” by the people who are willing to buy or sell an item. Nobody is forced at gunpoint to sell an ounce of gold, or to buy one, at any particular price.

For some reason, people who on Thursday wouldn’t part with an ounce of gold at $1600 are now quite willing to sell it for under $1400.

Gold has little intrinsic value, so the major part of that market is really just the expectations people have. It is a big game, a gamble on whether you can convince others that an ounce of gold has more value than what you paid for it.

But in the end, it’s a soft metal for which actual uses would only need a small fraction of the total available. The value now is mostly perception.

And when something’s value is based on feeling, it can drop like a rock, rise like a rocket.

Of course, the stock market is that way sometimes as well.

[E. Pluribus Unum]

Your first question in all this should be where is SOROS?

George would never manipulate a market!

</sarcasm>

[Stentor]

When supply is expected to increase you should not be surprised when the value drops .

LOL.

[Mastador1]

Only if he could damage the economy of a democracy. There is a reason Hungary booted this piece of cr*p. Those who turn their own people over to the Nazis don't deserve to live. No

[Stentor]

For some reason, people who on Thursday wouldn’t part with an ounce of gold at $1600 are now quite willing to sell it for under $1400.

The fact that you think this is about "people" is quaint and cute.

[Amendment10]

Thank you for posting bruinbirdman.

I respectfully disagree with Thomas Pascoe's article about gold. A blunt article which indicates that the price of gold can bubble just like anything else is at the following link.

The day gold died

And more convincingly, there is a gold price history chart on the page at the following link.

Gold and Silver Prices - 100 Year Historical Chart

I notice at least 2 previous bursted gold price balloons in the 1900s.

I conclude that the price of gold has been artificially high as opposed to market manipulation to make price fall.

But I'm no expert. Critiques welcome.

[Osage Orange]

LOL!!

[EQAndyBuzz]

“The facts in the public domain do not justify the sharp fall in the gold price over the past two trading days. At the time of writing, the price per 1oz is $1363, down over $200 since Friday’s open”

Public domain also doesn’t justify $4.00 gallon gas.

[llevrok]

Lots of people whining about the price fall. But no one smiling at time to buy in?

[Broker]

Fed policy has rendered most markets immune to stress. Gold’s sudden sell-off was a reality check. A tragic panic for duped investors unsuited for this extremely risky investment. When our Wizard of Oz (Bernake) runs out of tricks, bigger BUBBLES will pop.

Meanwhile, watch for trial lawyers chasing Gold Market Victims. No $hit.

[Amendment10]

“The facts in the public domain do not justify the sharp fall in the gold price over the past two trading days. At the time of writing, the price per 1oz is $1363, down over $200 since Friday’s open”

I cannot say that there was no price manipulation in the fall in gold prices over the last week. But the gold prices history chart that I previously posted a link to shows that same kind of sharp fall happened in 1980/81.

[M-cubed]

The price of gold is manipulated by central bankers....Has been for along time...They own the majority of it so they can!!...

even the talking heads know that...
http://finance.yahoo.com/blogs/daily-ticker/gold-rout-blame-central-bank-manipulation-says-gata-154049120.html

[montanajoe]

As someone who is a gold-bug at heart I have been telling folks to stay away from gold and precious metals for several years. The markets are rigged to protect the big banks and sovereign debt and why anyone but folks peddling the stuff cannot see this is beyond me..if the SHTF gold will be dominated in what its worth to store in a third world economy..conservatives need to stay away from the stuff and use their resources for things that can really do them some good in the future many of us see coming..

[pterional]

The bottom line is that the dollar will become worthless because of massive printing and the loss of world reserve currency status. There will be implementation of a wealth tax where they tax your house or farm until you can no longer afford to live there and you will have to sell in order to pay the tax. Gold is a store of wealth and is recognized world wide and will always have some worth . The dollar won't except to maybe start a fire or wipe my butt.