Bob Moriarty discusses HFT
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No FOMC meeting today its April 30th…..today is the minutes of the last meeting today 2pm est
I agree with BB ! Compared to the immoral ,corrupt thieves who violate our constitution start wars ,write laws that they’re selves front run the securities market with .We have much more to loose then worry about these market makers. Besides who are you going to go to to fix it “The Legislators or the Sec ” Ha ! They will just make it worse with some idiot law!
And of course I also agree with you, Joe!
I would agree Bb
A, B , C !!!!!!!! CORRUPTION !!!!!!!! JESUS IS THE ONLY WAY LUCK MAY POST CORY INSIGHTS!!!!!!!!
On the31st of March I went to the TD Bank and stated my price objectives regarding silver and was rebuffed. Naturally there was no deal executed. The customer service person said that the price was a matter of supply and demand. In the light of some of the testimony like Bob’s there really is no price discovery or supply and demand considerations. It is all just a manipulation in the service of political and insider financial objectives. We will have to have the world end before investors succeed.
I guess it boils down to buy right, take delivery and sit tight. The world as we know it must burn. As you can guess I am back for now.
Surprised at the response from your bank.
Not really Al. The market never really heard of my price targets. I was confronting what amounts to a gate keeper. My experience was merely an inconvenience not a defeat. On the other hand the market failed to acquire real silver bought by fiat currency that could have been created out of thin air. They missed a chance to earn a piece of the action from the investment of the after tax profits. They will miss out in the chance to lend out deposits and make even more income. On the other hand I still have my asset.
thx jj
I think BOB SAID ……”THE CONCEPT”….of being fair………
which now has become apparent that the entire system is BROKEN…….
From GOVT……TO BANKS TO WALL STREET……….the jig is over.
HFT………..is a screw job…..period……….
Being fair does not seem to be reality in this case, does it!
Totally agree ootb, if you hvnt seen Maloneys” 7 stages of empire”, check it out, our society is corrupt from top to bottom right now, and in comparison to “stage” 7, we aint seen nothing yet.
thanks bb……..saw that about 4 or 5 months ago….I think you mentioned it before …that is one consideration for being long gold……..,,,noticed I said ONE…
One …..is also……..morals….and the moral just are increasing or decreasing in a society, and moral are going in one direction and that is down………..and some just except as normal and acceptable……
except….should be accept……….
Next,,,,the LAW…courts are now corrupt or more corrupt or more obvious………and go along with the one’s who they are paid by…….Banksters…………
I agree ootb, I like James Turk thinking of buy every month and Jim Rickards thinking of 5%.
Pretty stress free way of seeing gold.
Trading is a different story, lol, geez Im bad but still in the game so maybe not too bad.
There is nothing wrong with either of their thinking……….income average, or 5%, free and clear………and time will be on your side…………..
High frequency trading enables not only front running as Al explained, but it also allows for massive market manipulations such as naked short selling of a stock, commodity or futures often AFTER the scoundrel has taken up an options position–puts prior to the shorts, calls prior to short covering.
Disagree with Moriarty about commodities being a net sum zero because commodity ETFs are in fact treated as stocks–to includes the options that trade off these ‘futures’ ETFs.
Those that argue HFTing adds liquidity to the market are in fact lying–the Fed adds the liquidity, the high frequency traders come in behind the Fed to stir up the market or a stock so they can skim the froth off the top. It’s organized crime at the highest level–a cabal of corrupt gov. regulators, central banks and pseudo-banks –JPM and GS for examples, and HFTs both within the pseudo-too big to fail/jail-banks and the rouge outfits.
Yes it will J
The only way to circumvent HFT is to place orders via the IEX.
Bob Moriarty’s comments are always intelligent and informative.
Always worth listening to.
(Which is more than I can say about comments posted in this blog in general recently……low signal to noise appearing again.
NY Post article about Goldman and HFT:
http://nypost.com/2014/04/07/goldman-keeps-its-flash-boys-under-wraps/
Hi : I dont like this new aggressive HFT its an exagerated form of the old front run and scalping that floor brokers used to do an all the exchanges. they should outlaw it. put in varying speed bumps will kill it. lets all use limit orders to stop this stuff. love to all S
NY post article on IEX exchange, which at least one cut-price brokerage is using (interactive brokers)
http://nypost.com/2014/04/07/flash-boys-iex-trading-system-looks-to-become-full-exchange/
Thought there was an fomc meeting today.
Gotta agree with all said, I think we just have to accept the whole thing is criminal ,immoral corrupt etc etc
In perspective tho, the invasion and murder of millions is slightly more important, the corruption in these markets is “kids stuff” in comparison.
The invester has to acknowledge the corruption and allow or even benefit from it.
Ive said for some time, that’s why I like Gary so much, he attempts to compensate for the corruption.