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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (57519)8/21/2000 2:33:16 PM
From: Rarebird  Read Replies (1) | Respond to of 116764
 
<Manipulation lower for profit is theft>

Manipulation is procurement of additional leverage in order to maximize profit in the direction of the well defined trend. Manipulation is not the cause of the Trend; it is the effect. The Strong Economic fundamentals in the US have been the primary cause of the decline in the POG over the past 2 decades.

If you take a look at this long term chart of the US Dollar Index, you will see that Gold had a massive blow off in the late 70's. $800 POG. Was that Manipulation too?

sharelynx.net

PS That chart does not exactly give a bullish looking picture for the POG moving forward.