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Re: Montanore post# 2247

Friday, 07/02/2010 10:08:24 PM

Friday, July 02, 2010 10:08:24 PM

Post# of 17231
I do agree with you that there is manipulation of the silver market, just as there is manipulation of the gold market, the oil market, as well as all commodity markets and most of all the stock market. I have little doubt the big players are using their fancy computers to make things go their way. How else could a company like Goldman Sachs make money on its trading operations almost 100 percent of the days in the past couple quarters?

With that said there are also natural fluctuations in the markets, even with all of the manipulation. I don't blame every correction that occurs in gold, silver or whatever as having some sinister causation. I believe the current correction is due more to the deflation, strength of the dollar lately and seasonal tendencies than I do some manipulation move downward by JP Morgan.

I have confidence that manipulation or no manipulation the fundamentals will overcome any manipulation on the part of any of the big players. The economic currents are just too strong. The stock market is in a longterm bear and has much more downside to go in the years to come. At the same time gold and silver should go much higher.
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