Replies to post #146047 on Zeev's Turnips Patch-No Politics (ZEEV)

[opnion]

Doubt it schloss, but it really doesn't matter to me who does what with stocks or gold or peanut butter. lol All that matters to me is how any stock or index or cracker reacts to the news at any given time. When a chart usually gets a big break either way either there was news or will be and whatever the fixture might be is reacting to it and hopefully I can catch most of any ride short or long. Since this one is a pnf chart I won't catch the bottom or get out at the top likely but I will have a pillow and blanket for the ride.gg

[TJ Parker]

"The big move in gold the other day was orchestrated by bullion banks."

so, in your opinion, does this imply, then, that they've come around to the notion that they're not going to be making money off hedges anymore and, to make a buck, they're going to be actively supporting higher prices? or was this all just related to this month's expiration? ...

[basserdan]

The big move in gold the other day was orchestrated by bullion banks. Surely you don't think they went to all that trouble to watch gold drop back to $340 in the next week or so, do you?
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Hi schloss,
I think you are 100% wrong about the bullion banks "orchestrating" anything bullish w/r to the PoG or goldshares.

The bullion banks, JPM, GS, BAC, MS and C, just to name some biggies, are reputed to be h e a v i l y short both gold futures and options and supposedly are very vulnerable to any tremors that may occur in the Au based derivatives if the PoG should break sharplly above current levels.

Any orchestration perped by those white collar crooks would be designed to take prices lower....... not higher.