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 -- Ignore unavailable to you. Want to Upgrade?

To: Richnorth who wrote (76721)9/17/2001 1:48:56 AM
From: GST  Read Replies (1) | Respond to of 116752
 
The price of gold is about be disconnected from the schemes which so systematically undercut its dollar-denominated price -- I don't need to characterize the manipulation process -- I will leave that to others. The price of gold is "positional" and for a long-time people misunderstood the means by which a positional good can be depressed in price -- and how some people can profit from that trade. I think there are many on this thread who understand all of this very well indeed. Heaven help the people and institutions that get on the wrong side of a positional good when the price trend changes and builds momentum -- there is no end to the losses one can incur from shorting a positional good. Good luck, I assume you are long.



To: Richnorth who wrote (76721)9/17/2001 6:58:37 AM
From: long-gone  Respond to of 116752
 
<<some stalwarts of this GPM thread continuously ridiculed and sneered at the suggestion that the POG was being manipulated! Do they think that others have a short memory?>>

People on both sides of the border have been on both sides of the issue


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