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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST
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To: Enigma who wrote (96316)11/17/2003 11:57:40 AM
From: Real Man  Read Replies (1) of 116779
 
Here is how plunges like today are done. The volume in
derivative market is much higher than in the physical market,
the number of longs is always equal to the number of shorts.
So, if you are a dealer, you short gold when people want to
buy, and walk the price up just a little bit on high volume.
Then, when you need to sell, or when the buying pressure
eases, you walk the price down significantly on low volume
(you can do that, by selling derivative positions to yourself
or your peers), until stops are hit. Then you just crash the
price, as more stops get hit.
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