Market Manipulation and A Dark Secret Finally Revealed
Here is the latest article send to us by Avi Gilburt. Here he is providing his take on the recent settlement by Deutsche Bank and how it relates to the manipulation narratives for the precious metals.
Click here to visit Avi’s site.
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The latest Deutsche Bank case has the metals market buzzing about manipulation again. Unfortunately, most misinterpret the case, and the market ramifications. While I know I am fighting the “common think” in this market, I am unable to stand quietly aside and accept dishonest perspectives being presented as presumptive truths.
Market History
Back in 2011, very few saw the top coming in the metals markets. While our analysts at Elliottwavetrader.net were warning investors to exit the market, and for aggressive traders to begin shorting, most analysts were still looking higher while the metals were topping. Very few expected the action seen in the metals market during 2011-2015. Most were advising investors to just keep buying, since they “knew” the market was certainly going much higher.
To read the rest of the this article click here to visit Gold-Eagle.com
I have, and every “quote” I have read to which they point as “evidence” has been taken soooooo out of context . . . the positions they put forth are nothing less than dishonest in my opinion. I have written about many of them in the past.
Good luck in following them .. . I know it has helped no one for years. Too many so want to believe someone else cheated them out of their money, it is truly sad. If one really understood this market, one would understand how wrong . .. or, even more importantly . . how USELESS GATA is.
AVI……….why not have an on air debate with BILL MURPHY……..HERE ON THE KER.
Avi is pissed because MANIPULATION threatens the VALIDITY OF HIS LIVELY HOOD!! DUH!!! Plus, he is a lawyer so he can make any argument look good….but its just “MAKE-UP on a pig…..:))
lol . . that is funny. But, I suggest you ask those in my trading room how we have done on the metals. I think they are quite happy . . . even though we completely ignore any talk of manipulation:
https://www.elliottwavetrader.net/testimonials.php?categoryId=17
AVI……….DO YOU OWN PHYZ…..?
I own NO ETF’s . . . only the real thing and stocks.
He has to cover his tracks. LOL.
AVI……..thanks for the reply………..NOW, how about that debate with BILL M? 🙂
go look at his past . . I would NEVER want to be on the same show as him . . Chris,. maybe. Go look at Bill’s history.
As an X attorney………you should be able to be in the same room with anyone…. 🙂
IF, you are on the KER……..you have been on the same show……. 🙂
On April 18, 2016 at 11:38 am,
OOTB………………… CCF says:
As an X attorney………you should be able to be in the same room with anyone….
Cracked me up!
🙂
AVI, I see modesty is not one of your strong points.
You are a self aggrandizing a*hole in my opinion.
Also, some of us are long from $250/oz. in gold and $4.40/oz. in silver.
That is still UP 400% and 300% respectively.
With your continued self glorification and constantly telling others who know better I suggest you sell all your currencies of gold and silver and purchase the usd.
You seem to miss the point of why these items were purchased by very smart individuals. Profit and loss are not the only concerns for some investors. We simply are worried that the Keynesian’s will implode the economic system and literally destroy the lives of our loved ones. Get it?
Do you not respect that?
also, your education does little to impress (except maybe yourself)
Some of us have much more education than you purport, so using your education
as your self promotion is quite sad.
Wow Dave….great “closing arguments” for the lawyer
Dave is an angry little troll who seems to be wearing saggy diapers that leak. However, once the metals move back into a bull market, he may lighten up. . . . some. It is hard to take a 70% draw down, as in silver, so I do understand his anger.
Well, Dave, I guess we are all entitled to an opinion … so, I’ll share mine.
I appreciate Avi’s perspective and am very happy that he shares his thoughts so freely.
I was especially keen on the BUY BUY BUY recommendation where at that point I was able to add to positions that had lost substantial value up until that point.
So, I am grateful for the advice and the fact that Avi shares his track record, to me, simply lends weight to the advice he shares and I don’t find it to be self aggrandizement at all.
But, to each, their own.
Thanks Mike. All I was doing was trying to explain that I have enough experience and knowledge to make well reasoned decisions. Dave’s anger does not allow him to see past it.
ditto…CFS
It’s good to start the week with a good chuckle…heh heh…
Avi, ya missed the boat!
If you read how we positioned over the last 5 years, I don’t think you would recognize that we have BEEN on the boat whereas all the manipulation theorists have been drowning. Think about that!!
ooops . . should have read that “I think you would recognize that we have BEEN on the boat.”
Avi,
I think you are a bright technician. I think the piece you wrote about GLD a few weeks ago was spot on. However, you’ve got a lot to learn about the financial system.
Not exactly what my account says 🙂
Look . . I REALLY understand your perspective. I used to believe it myself, until I actually did my own research and went behind what was printed by people like GATA, and those before them. I know everyone needs to believe in manipulation for their own piece of mind, but it is much easier to ignore the noise, and actually focus on what WILL make you money. THAT is the saddest part of all this – the amount of time and money wasted on this perspective and it helps no one.
oops again . . I am writing too fast lol That was supposed to be “peace of mind” Sorry. 🙂
Seems to me that one of the real problems is the definition of manipulation. Why don’t we begin there? Then identify who has the ability to manipulate and why is it an advantage to do so. Just my 2 cents.
I made that distinction in my article and even used an example.
Silver dollar , I think a better word for manipulation is “concentrated domination.”
Anyone know what’s up with Sabina?
SGSVF
Maybe AEM is stalking sabina,AEM have the Meliadine Project in nunavut
Been on the phone 2x with investor relations this am, nothing revealed about a merger/acquisition CeO/CFO are in Europe making presentations is all that IR could tell me as of noon EST
I sold 30% position earlier in SGSVF when 14 RSI hit 82
Nice, good for you. Overbought or not, it looks like it can go higher. Too bad I do not own it.
FFMGF is NOT a just a momentum play!! If you can invest in Keith Neumeyer and his track record than just FORGET this industry altogether…if you KEEP ACCUMULATING AND HOLD KEITH WILL MAKE U A VERY WEALTHY MAN…..EVENTUALLY!! I havent seen a mining model so simplistic in its brillance!! What a time to be buying PROVEN gold asset in the ground for under TEN bucks an ounce!!! R U kiddin me!!
If u CANT……..
Fwiw, little Timberline Resources allows you to buy its gold in the ground for a dollar or two per ounce.
oh ok….Matthew…but I just think Neumeyer is a safe bet.
He does seem to have a good reputation and the confidence of many.
I have ALWAYS been told since I been in this business since 2008…that its about PEOPLE, PLACES and PROJECTS….Neumeyer and his “team” gives you BEST of ALL OF THESE MINING FUNDAMENTALS….let him separate the cream from the brew and ride HIS WAVE LONG TERM…..are you paying for a “NEUMEYER PREMIUM”…yes, probably but at this point in the game and with the state of the mining industry…..WHO CARES RIGHT!!!
yes…Matthew…KEITH IS ALL ABOUT VALUE AND PAYING HIS SHAREHOLDERS A VERY NICE DIVIDEND…..NEUMEYER IS THE REAL DEAL!!…HE HAS PROVED IT OVER AND OVER AGAIN. THIS ISNT A HYPE PLAY BUT A BET ON THE NEUMEYERS EXPERTISE AND INCREDIBLE MINING SAVVY!!
No news from IR concerning Sabina Au/Ag others than officers on a worldwide presentation tour promtion. Also the silver component stream that was spun off to Glencore is currently a dead issue for Glencore going forward.
other-promotion, sorry
AEM ceo Sean Boyd said,Feb 12 2016″ “we see Nunavut becoming a major source of production for us going forward”. “its more just taking that long term view that thats a part of the World that we want to be and we want to get as much ground as we can,get it as cheap as we can,get it early”
Sean boyd also said”We have always felt, particularly with the recent success at Amaruq, that Nunavut is a place that we can see ourselves for multi-decades. As we said many times before, we know we can do business there, it is open for business,” he said.(from cbc radio Canada)Feb 12 2016
So it seems AEM really likes Nunavut.
Pete, yes, I think I read of that AEM potential this time last year in Nunavut. Would seem like a good fit, but what do we know. I’m trying to buy back my SGSVF shares sold earlier when they go on sale again.
I hope sabina build the mine,but i guess Back river is too good of a deposit for a bigger fish to resist.(I will keep my shares)
Thanks Marty
Good work Avi and I am certainly in agreement with you. I also agree that there is a very basic misunderstanding here with regards to what kind of manipulation took place and some analysts as usual are being too quick to draw the wrong, if not most severe, conclusions.
How they can spin the scalping of pennies on the bid/ask into a broad based manipulation conspiracy that destroyed silvers bull market is totally beyond belief. But that’s what pulls in new subscribers I suppose and as we know a new sucker is born every minute.
My problem with how this is all being portrayed is that some of the guys doing the analysis know better. Basically they are just lying to make this recent case into something much different than it really is. Such a bunch of bull-shitters and bare faced liars the world has never known.
Anyway, keep up the great work you are doing. You won’t make friends with some here by popping their little manipulation, fantasy, bubble but in the long run it is far better to report on such stories with integrity and facts than ride along with the sheep train that perpetually infests the gold and silver markets.
I read yesterday where Martin Armstrong is now calling those who scream loudest about manipulation, that they are the real manipulators! And I think he has got it just right.
Because the amount of nonsense analysis that passes for intelligence in this sector and the amount of outright lying to make a case for gold is simply over the top. If you have ever sat down face to face with one of the more extreme gold-nuts you will know exactly what I am talking about.
They are simply rabid to the point of poisonous. NOTHING can change their minds.
I wrote an article a while back that stated that most in the market are being manipulated by those analysts more than by the banks.
Bird…Have you got a photo of Armstrong pined to your headboard ?
Avi…Sorry man , but I think you are wrong.
Avian bird flu , comes to mind..for some reason.
Feel free to think whatever you want . . . I always need someone on the other side of my trade!! 🙂
AVI…..You will never ever out trade me ……….X
IRISH………tell AVI, you do not trade……and he is playing with himself….. 🙂
Martin is a genius. No, his picture is not pinned on my fridge. But a lot of the time he is the ONLY one who makes any damned sense.
Genius…..and a GURU………What is his GURU RECORD………… 50-50… 🙂
LOL………..
The ONLY one who makes any damned sense….You see him as some kind of GOD.
Sad very Sad…..Is Avi a fan also ?
Something bothering you today Irish? It can’t be me just because of Armstrong. Why would you care?
Oh wait…is this about Hillary? It’s OK, we can share.
Martin would set you straight about Hill, that’s for sure. 😉
It’s politics Mathew. We all have our opinions. Makes no diff what Marty or you or anyone else thinks.
Comments like that one are what really make no difference, BM.
Ha! I didn’t see that one. Good call though. Its just non-stop blather from those guys like a broken record. Nobody even bothers to think through what you wrote here today either. Its just instant knee jerk reaction so please don’t bother with any evidence or proofs. Their minds are already made up. Thanks G-d they are not judges.
GURU ARMSTRONG……….Pay for play……..GOLD REPORT $500…..lol, he is part of the problem……like all book and tape salesman…………LOL
Btw……..I get his reports everyday……..and he said all “manipulation “….it is always manipulated…..lol
TIME TO BUY …………..DUST…………..I think……….really
Gary says…………never use DUST……..for another 4-5 yrs……….
OPENING FOR BUSINESS……………..SGE……………APRIL 19…….., should be interesting now…………..
Shush…..Don’t want to upset some on here.
“The second point to ponder is, if the market is manipulated, then there should be no one who has been able to accurately predict manipulated market movements.”
As a hypothesis, this would be proven incorrect when the variable for insider information and/or those actually in league with said market movers were fully tested.
“If so, then how were we – at Elliottwavetrader.net – able to publically [sic] call for the gold market to top within $6 of where it did in 2011? Moreover, how did we know to begin buying back into the market at the end of 2015 and early 2016…”
Again, insider info — did it disappear from the financial sector when I wasn’t looking? And, while we’re “being honest”, you were not the only one calling the end of the bear market, no matter the believed reason.
I want to be very clear, this is not an accusation of any kind nor a bid for an argument. I’m not taking a position either way. But I, too, am very well educated, thus, I find that to argue that because someone called the top and bottom within a few dollars is firm evidence that manipulation is not the cause nor a possibility/probability is unsound reasoning.
In my opinion, no conclusive findings or irrefutable facts were presented to support the assertion, only broad statements without specific evidence. Therefore, it is tantamount to rhetoric and renders the thesis moot.
Not only did we have insider info, but WE ARE THE MANIPULATORS!!! lol
All I can say is WOW. Your premise is that anyone that can determine market direction is part of the manipulation cartel!?!? The lengths people will go to maintain their manipulation theories clearly knows no bounds.
You MOOTB right………………. 🙂
AVI, I see modesty is not one of your strong points.
You are a self aggrandizing a*hole in my opinion.
Also, some of us are long from $250/oz. in gold and $4.40/oz. in silver.
That is still UP 400% and 300% respectively.
With your continued self glorification and constantly telling others who know better I suggest you sell all your currencies of gold and silver and purchase the usd.
You seem to miss the point of why these items were purchased by very smart individuals. Profit and loss are not the only concerns for some investors. We simply are worried that the Keynesian’s will implode the economic system and literally destroy the lives of our loved ones. Get it?
Do you not respect that?
also, your education does little to impress (except maybe yourself)
Some of us have much more education than you purport, so using your education
as your self promotion is quite sad.
Sorry but I could not say it better myself! So I just repeated it.
What about Avi past…….??? has he got a past?
Manipulation is when an exchange only lets you sell and not buy silver.
What BS, Avi.
Look at the amount of paper shorts currently. They are totally out of proportion with metal available. The PM is manipulated UP and DOWN, depending on bullion banks maximizing as much as possible their profits, while losing as little as possible physical metal.
The situation has been well documented for several decades by GATA. I’m sorry you have not bothered to read the evidence produced by that organization.