InvestorsHub Logo
Followers 102
Posts 29001
Boards Moderated 3
Alias Born 09/17/2006

Re: bigworld post# 850

Thursday, 06/16/2022 4:20:13 PM

Thursday, June 16, 2022 4:20:13 PM

Post# of 2588
bigworld, here is my gold manipulation story. I do believe it is manipulated as well as stocks as a whole.

In the 1990's, Lou Rukeyser on Wall Street Week had a gold "expert on as his special guest". Iwill never remember his name. Lou asked him where he thought gold was going and he said, "I have no idea" Lou jokingly said, "The what good are you as a gold analyst?" The man said that he checked out all the usual reason gold should move, like wars, inflation, interest rate changes and such. He said they were all about 50 50 each. Again Lou asked him what good he was(Lou did know) and he said he analyzes gold stocks, looking for fundamentals such as reduced costs, increase production and such. Lou asked him for a stock and he said American Barrick, late named changed, 2 or years later Barrick gold had doubled while the rest of the major stocks remained the same.

I was averaging gold and silver stocks then and not doing great, then 9/11 happened. Talking it over with a friend why gold did not soar, we hit upon the thought that it did not fall either. We both doubled down and were rewarded very well in 2005/6. After that, we got out and saw how as gold soared after that, gold stocks lagged way behind the price of gold.

I just came to believe one has to go against sentiment. Sometimes there is like now, a 3 month disconnect with inflation and gold is now taking off as the manipulators took traders money recently?

Your thoughts?

https://goldprice.org/gold-price-chart.html

Life is not measured by the number of breaths you take, but by the moments that take your breath away--Wows happen!!!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.