I think the majority of us know or at least expect that the gold market is manipulated, just like pretty much every other commodity market. We see billions in fines being paid every year by the big banks for their roles in manipulation schemes. These fines however do not stop the perpetrators and why should they, it is the cost of doing business when you make billions and if something goes wrong you have the Fed to bail you out. Manipulation can be a great talking point but my question always is, how can we make money with this information?
Here is the latest article from Zero Hedge focusing on a Bloomberg story today that outlines the manipulation in the gold market. Click here to read the story.