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

To: Enigma who wrote (96316)	11/17/2003 11:05:54 AM
From: Real Man	Respond to of 116770

Plunge Protection team -g-

To: Enigma who wrote (96316)	11/17/2003 11:57:40 AM
From: Real Man	Read Replies (1) \| Respond to of 116770

Here is how plunges like today are done. The volume in derivative market is much higher than in the physical market, the number of longs is always equal to the number of shorts. So, if you are a dealer, you short gold when people want to buy, and walk the price up just a little bit on high volume. Then, when you need to sell, or when the buying pressure eases, you walk the price down significantly on low volume (you can do that, by selling derivative positions to yourself or your peers), until stops are hit. Then you just crash the price, as more stops get hit.