The Invisible hand of the US Government in the Financial Markets

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Old Apr 6, 2005, 9:21am   #1
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The Invisible hand of the US Government in the Financial Markets

http://www.stevequayle.com/News.aler...invisible.html
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Old Apr 6, 2005, 10:03am   #2
 
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Quote:
Originally Posted by twalker
Hi T

I caught that one on Monday from GATA. Have to say that nothing in it surprises me.

As a small-time bullion investor I follow gold (and silver) closely. Don't do much leveraged trading though because the obvious manipulation makes normal TA redundant and the spikes can be big - having said that there is a fairly reliable swing play based on the COT, but that's another story.

Seems to me that the US authorities have got so many market manipulation balls in the air right now that there's a real danger they'll stumble and drop the lot.

The earlier article by Robert Bell is worth a read too at: http://www.financialsense.com/editor...2004/1120.html
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Old Apr 12, 2005, 4:19pm   #3
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Silver

Quote:
Originally Posted by peterpr
Hi T

I caught that one on Monday from GATA. Have to say that nothing in it surprises me.

As a small-time bullion investor I follow gold (and silver) closely. Don't do much leveraged trading though because the obvious manipulation makes normal TA redundant and the spikes can be big - having said that there is a fairly reliable swing play based on the COT, but that's another story.

Seems to me that the US authorities have got so many market manipulation balls in the air right now that there's a real danger they'll stumble and drop the lot.

The earlier article by Robert Bell is worth a read too at: http://www.financialsense.com/editor...2004/1120.html
Peterpr

I wonder if I could pick your brains, I follow the silver market. Is there a good BB discussion on silver that you would recommend ?

I have looked at the Boards on ADVFN and Financialsense. Was surprised to see that silver was not more popular here. Also tried Kitco.

I pick up essays from Ted Butler, Adam Hamilton and a selection from Safehaven. Also from GATA at LeMetropole.

Any other sources I am missing ?

Regards

Minder
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Old Apr 12, 2005, 5:51pm   #4
 
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Quote:
Originally Posted by Minder
Peterpr
I wonder if I could pick your brains, I follow the silver market. Is there a good BB discussion on silver that you would recommend ?
I have looked at the Boards on ADVFN and Financialsense. Was surprised to see that silver was not more popular here. Also tried Kitco.
I pick up essays from Ted Butler, Adam Hamilton and a selection from Safehaven. Also from GATA at LeMetropole.
Any other sources I am missing ?
You've probably got it covered. I rate Ted Butler, I'm also a regular at Safehaven and subscribe to their 'Longwaves' list. It doesn't specialise in Silver but good discussions on macro-economics. I also subscribe to the GATA list.

I agree it is surprising how little interest there is in silver. The ongoing COTs position, together with its industrial use and deficit of production to consumption suggest an explosive upside potential soon - but how soon is soon?

There's an interesting take on it on the Safehaven site which you may have spotted at: http://www.safehaven.com/article-2887.htm

Also http://www.silverseek.com/ is worth monitoring
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Old Apr 12, 2005, 5:52pm   #5
 
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Or you can get this as well

NYSE specialists indicted
12-Apr-2005 17:14
Fifteen specialists who managed trades
on the floor of the New York Stock
Exchange were indicted today, charged
with fraudulent and improper trading
practices by the Justice Department.
The Securities and Exchange Commission
filed civil charges against 20 special-
ists and the NYSE.
The SEC's division of enforcement said
that between 1999 and mid-2003, special
ists at five firms put their firms'
orders ahead of customers' orders,
causing those customers to get inferior
prices.
The SEC also charged the NYSE with
failing to enforce its own rules,
charges that the NYSE has already
settled. The NYSE will be censured and
must spend #10m on regulatory audits
every two years.
The criminal probe of the NYSE traders
by federal prosecutors grew out of a
civil case against specialist firms
that employ the traders, according to
the 'Wall Street Journal'.
Last year, NYSE specialist firms paid
#130m to settle charges that their
employees interfered with customer
orders so they could trade their firm's
own money, taking advantage of their
knowledge of which way the market was
moving.
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Old Apr 12, 2005, 5:52pm   #6
 
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Quote:
Originally Posted by twalker
No wonder I'm having such hard time trying to make some money!!

G-Man
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Old Apr 12, 2005, 6:02pm   #7
 
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http://www.financialsense.com/editor...2005/0403.html

oops i didnt see the source at the bottom of the origional post
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