SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paxb2u who wrote (34398)5/23/1999 9:50:00 PM
From: ahhaha  Read Replies (1) of 116779
 
Who said the market will be lower when they actually arrive to sell? In what you ask lurks the assumption that the price is going lower as though big boys know where things are going. Nothing could be further from the truth. One knows one is an amateur when one thinks that way.

JP Morgan didn't think that way and he was as far above the paltry experts of this era as the stars are above the FED. He admitted it when he thought he had a sure thing in a railroad speculation, but it blew up in his face. When asked how a locked deal could go against him, he said, "prices fluctuate". The fact is, anyone's guess, as to what the price will be when someone goes to sell, is equally good.

Announcing beats not pre-announcing and bombarding the market unexpectedly which would most likely drive it down farther than it would have gotten so the seller would end up with an lower average price. It is rather wise to do so just like it is wise on the FED's part to tell the prudent that trouble is developing, so to move towards the doors. This reduces the possibility of panic selling. If a market is prepared for abnormal supply or demand, outside of any near term implied price adjustment there is the preclusion or reduction of potential chaos. Chaos rarely benefits the large.

It is useless trying to explain these sorts of things to those looking for a conspiracy under every rock, since they have a predilection to find panky under any hanky. Honi soit qui mal y pense.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News