Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (63432)	2/12/2009 11:09:29 AM
From: kayco	Read Replies (2) of 78418

"Isn’t that the equivalent of subjects wondering what price the King will decree rather than citizens all haggling in their own self interest to determine a market price? Or, as one trader put it recently, is the COMEX silver market waiting on JP Morgan Chase to show its hand or make a move?". Informative article. The above statement from the article is the most interesting,in my opinion. The KING does determine the price in the gold market. That is what worries me about gold. There are not a lot of people holding a large amount to make it a true market; thus the gold market should be easy to manipulate. Every time I see the large amount of gold bought by GLD it makes me nervous. They are making the market. India is buying a lot less so GLD holds up the market by buying up the excess. What if GLD or any other large holder decided to start dumping their gold on the market. Of course it would not be to their advantage to do that, but my point is "rather than citizens all haggling in their own self interest to determine a market price" is not applicable at all to the gold market. Interested in opinions.

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