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Gold/Mining/Energy : Gold Price Monitor
GDXJ 118.97-0.9%Dec 24 4:00 PM EST
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To: Rarebird who wrote (108361)3/27/2018 11:43:02 AM
From: Real Man  Read Replies (1) of 116823
 
Yes. A lot of gold bugs currently believe the PPT was born 30 years ago and has repeatedly interfered in free markets ever since, last and biggest time being the Great Recession. I believe in between derivative markets fend for themselves. This means they will push vix to zero until there is another 2008, in which Fed will interfere for sure. In gold they “fending for themselves” means it trades according to gold carry. Gold has zero yield and near zero cost to carry. It trades off official inflation numbers and interest rates. I emphasize official
number. Because of it being a manipulated market, gold anticipates nothing. It knows nothing about real inflation,
it trades off BLS bullshit number and anticipated BLS bullshit number, and the T-yield curve. Period.

The difference between me and you is that I am saying this type of trading is not gold free market (supply and demand), it is a manipulated model imposed on gold by manipulation coming from derivative market.

The difference between these two? In 2008 derivative market imposed certain rates on MBS securities by assuming Fannie and Freddie MBS are treasury like.we know now what this led to, but back in 2007 that was “the market”
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