Gold Bugs And Manipulation Theorists Unite – Another “Manipulation” Indictment

Gold Bugs And Manipulation Theorists Unite – Another “Manipulation” Indictment by Avi Gilburt via Gold Seek

TDC Note – People have ask why I publish this persons work. This is exactly why. If you give someone enough rope they will hang themselves and all one has to do is….nothing. Mr. Gilburt is now fully exposed as the shill that he has been and always will be. This is the last article of his work that appear on this website. I have been waiting for him to publish this piece and man, oh man, he does not disappoint!!

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I am simply amazed at how much email I have been getting asking my opinion regarding the latest “manipulation” cases.  And, many of those are asking me if I am finally convinced that the metals market was manipulated to drop from 2011 to 2015.

Well, let’s try to walk through the issues together. 

Let’s start this article by identifying that about which we are speaking.  You see, the great majority of those who read these manipulation cases believe that the manipulation addressed in these cases is what caused the metals market to drop from 2011 to 2015, and what caused a 70% cut in the price of silver.  So, if you have clicked on this article to read me changing my position regarding that type of “manipulation,” you will be quite disappointed.  And, if you actually believe in that perspective, I suggest you read on with an open mind, as you will see why you are 100% wrong in that belief.

Two years ago, GoldEagle asked me to write an article proving that manipulation in the metals market is not as powerful as most try to claim.  And, that article caused quite a furor amongst the gold bugs and manipulation theorists.  You can feel free to read the entire article here:

https://www.elliottwavetrader.net/p/analysis/Was-The-Metals-Market-Manipulated-To-Drop-From-2011-To-2015-201709194206284.html

Within the article, I address the manipulation cases quite directly:

“The second method through which they attempt to prove wholesale manipulation is to point to evidence of small price manipulations and suggest that these ‘paper cuts’ have caused the market to bleed to death. None of their supposed ‘proof’ provides even a shred of clear evidence that the gold market was manipulated to drop over 40% and that the silver market was manipulated to drop over 70%.

“The latest supporting “evidence” to which the manipulation theorists proudly hang their hat is the recent news about Deutsche Bank’s admission of ‘manipulation.’ Everyone now assumes they have found the smoking gun which “caused” silver to drop by over 70%, which proves they were not wrong to be bullish all the way down. Of course, they can now “prove” that everyone was cheated out of their money due to this “manipulated” decline of 70%. Right?

“Wrong. This was not the first case regarding market manipulation, nor will it likely be the last. But, what many do not point out is that the manipulation dealt with in these cases is not the ‘manipulation’ to which all the analysts have been pointing to explain why silver lost 70% of its value when they did not see it coming.

“You see, the manipulation dealt with in these cases were attempts by these banks to move the market by a very small percentage in order to make a quick buck off a very small move which they attempted to control, often during low volume periods of market action. This is what is claimed within the actual legal complaints filed against these banks, which generally provide that the banks ‘manipulated the bid-ask spreads of silver market instruments throughout the trading day in order to enhance their profits at the expense of the class.’

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Gold Seek

Various authors presenting analysis and commentary on the precious metals, economy and precious metals mining markets.