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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (29871)	3/14/2012 12:09:41 AM
From: FCom777	Read Replies (1) \| Respond to of 224218

Thanks for the link - really not too much discussion about the spread as a predictive factor. Have a great respect for Trader Dan but I thought his discussion was fairly topical. Started to generate some plots - did get a current one and one when gold initially broke 1K - was in the process of looking closer at the 2008 spiky action (caused by mine closure ?) - found what looked to be a bad data point in the gold continuous data file on May 19, 2008 - which traced to what looked to be a bad high data point of 2556.4 in the August contract - closing price was 910. Or did someone take it up the you know what ? I've been using the MRCI data which should be fairly reliable - was trying to find an alternative data source for that high - and accidently deleted the continuous file I was plotting from. Ah the trials and tribulations ... Well, these are the two charts I did get plotted. My speculation is that the bankster manipulators have a massive long platinum physical position that they use as a hedge to manage risk on their gold/silver shenanigans. Once that physical position is established, could they be shorting paper platinum with more vigor then the paper gold and silver they also sell on the Comex? Then when they decide to loosen up the suppresion campaign, might the renewed platinum strength signify unwinding of their stressed positions? Sheer speculation, but having studied the markets for over 30 years, platinum generally does not trade at a discount to the gold price. And when it does, you have to question what is going on. I wonder what JPM, GS, and HSBC's position in physical platinum has been over the past several years. Probably can extract this info from the Bank Participation reports or the Derivatives data reports put out by I believe BIS. Here are those two charts I did get plotted ... yfrog.com yfrog.com Think this should work ....