Friday, January 4, 2013
SILVER ~ fat cats never lose, but can they rig EVERY financial market?
fino, a fat cat too
the silver market farce (source: dab bank), the last 5 days (remember, there was no trading on january 1st because of bank holiday in usa / europe)
btw, do not think the silver market is any special. of course, it is more volatile than gold, but you can find the same manipulation template in gold + currencies + bonds (all of them are directly manipulated by governments and their small dirty central banks (e.g. the interventions of the SNB in case the euro falls against the swiss frank below the 1.2 treshold (i.e. swiss frank 'too' strong, the poor euro too weak). this 'market' is so phony for so long that i've a made a snapshot for you - enjoy the last 3 years of the EUR/CHF fairy-tale below)). not any different are the movements in some important commodities like oil (the u.s. government loves to sell its 'strategic' reserves in front of elections and the like in order to make the oil price look 'good' for the public. government's buddies like the goldman sachs guys love to suddenly change the composition of their commodity indexes like they've significantly reduced the amount of unleaded gasoline in their GSCI few years ago and thus forced all institutions which offered derivates on that index to sell unleaded gasoline and helped the price for a short period to look better at the petrol stations ... and than there still is the plunge protection team (PPT) which doctors the stock market when needed ...