Tell me the Silver/Gold/Commodity markets are not rigged

[problemchild]

"The CME has hiked silver margin requirements five times this month. The moves helped push silver down from within $1 of its highest price ever. Selling intensified this week after the Wall Street Journal reported that big investors like George Soros were taking profits in the metal. Yesterday, it was revealed that Carlos Slim, the richest person in the world, had begun to sell the metal."

The "rich Investors" made the CME raise margins crashing the market but not before they shorted (bought puts) in that commodity.

Next times soros and Slim sell or buy Im buying or selling too.

[Ripon83]

They didn't perceive any value at $50. So sell a few tons, drive it down to $30, buy some and drive it back up....as the world turns. Hold on for the ride, get out when you want, get in when you want....it may be rigged but its a free country (for now anyway).

Things like SLV make it possible to play without storage, insurance etc etc. Not that its worth anything when SHTF but its still playing the game of the commodity as an inflation hedge. My last SLV buy at 38 a few weeks back cost me $8.95 in brokerage fees - I'd pay more then that for delivery of a small order. No I can't trade it for a can of gas, but I can benefit from any inflationary increase in the price of silver.

I believe its all rigged - I chose not to worry about it - since there is no way I can impact it.

[mcsoupman]

Yep the market makers always have control of the direction. Any big fund manager also has similar impact on the market.

[problemchild]

You are not following what was posted. CME raised margins and drove down prices. It would be like the Government buying Gasoline futures and starting a war in Saudi at the same time. Rigged not "market". Not market at all.

Chicago MercantileExchange Inc., sold us out. Soros tells CME to raise margins AFTER he sells and buys puts. So he makes money on both ends. The billionaires are paying off the controllers.

They didn't perceive any value at $50. So sell a few tons, drive it down to $30, buy some and drive it back up....as the world turns. Hold on for the ride, get out when you want, get in when you want....it may be rigged but its a free country (for now anyway).

Things like SLV make it possible to play without storage, insurance etc etc. Not that its worth anything when SHTF but its still playing the game of the commodity as an inflation hedge. My last SLV buy at 38 a few weeks back cost me $8.95 in brokerage fees - I'd pay more then that for delivery of a small order. No I can't trade it for a can of gas, but I can benefit from any inflationary increase in the price of silver.

I believe its all rigged - I chose not to worry about it - since there is no way I can impact it.

[Ripon83]

Soros = Felon

You do know Soros' was convicted of fraudulent activities in France (of all places) and paid a fine. He still denies it but he paid the fine. Still he gets a sleep over at the whitehouse a few times a year. Imagine if the previous president had a convicted felon sleeping over at the White House? (oh after the conviction not before).

Like I said; there is little you can do about it - profit from it if you can.

You are not following what was posted. CME raised margins and drove down prices. It would be like the Government buying Gasoline futures and starting a war in Saudi at the same time. Rigged not "market". Not market at all.

Chicago MercantileExchange Inc., sold us out. Soros tells CME to raise margins AFTER he sells and buys puts. So he makes money on both ends. The billionaires are paying off the controllers.

[problemchild]

You'd think the CIA would double tap Soros before they let him destroy America. Soros is far far far more dangerous then some guy with a beard and a towel on his head. Osama killed 3,000. Soros bankrupted 10's of millions of people. Maybe even destroyed America. And thats before he implements Communism here.

http://www.youtube.com/watch?v=Gm72UYgEarw

You do know Soros' was convicted of fraudulent activities in France (of all places) and paid a fine. He still denies it but he paid the fine. Still he gets a sleep over at the whitehouse a few times a year. Imagine if the previous president had a convicted felon sleeping over at the White House? (oh after the conviction not before).

Like I said; there is little you can do about it - profit from it if you can.

[mcsoupman]

PC no I got you. Just saying manipulation happens more often than we want to know.

BTW, you said CME, you could have stopped at Chicago and made your point

[PatriotnMore]

One thing I learned long ago is that the big finance players love to set up the masses playing in their world, and work against trends, they have enough money to make things happen and profit from their plays.
I really felt something was going to happen in silver, all the signs were there.

[mschliebs]

WHAT WE FELT FOR A MOMENT
By Charles Payne, CEO & Principal Analyst

5/6/2011 933 AM Eastern Time

"I felt for a moment that the whole Wilcox family was a fraud, just a wall of newspapers and motor cars and golf clubs, and that if it fell I should find nothing behind it but panic and emptiness."

Howard's End
-E.M. Forster

Well, if there was an appropriate way to celebrate the one-year anniversary of the flash crash (today) it was yesterday's session, where the bottom fell out of everything but the dollar. Like a giant trapdoor oil, silver, and stocks were all flushed in a hurried attempt of get out while the getting was good. Talk about being played. The world's richest man accumulates piles of silver, watches it skyrocket, and then announces after the fact he has dumped his positions... Billions of dollars in profits. And, just like that, silver is hammered to the point that Carlos Slim will be back in there soon to play this game all over again.

For the most part, I admire self-made people from the woman that owns a corner convenience store and makes $190,000 a year to the grownup son of a Lebanese immigrant to Mexico who controls the entire country. But, this guy is a killer in the best sense of the word. Look at his photo in Forbes or anywhere else, there isn't a semblance of a smile. He is a cold stone human being motivated to conquering. I really don't think his silver position was based on anything more than an accurately perceived chance to make some money. In a world where everyone has heard the term "bubble", it's not hard for those with power to topple hot assets that people really don't understand.

It's interesting that Soros leaked word that he, too, sold his silver. This is a man that crushed a currency of a first-world country when he broke the Pound. Soros is a man of ideology; he is a cold blooded money-making machine but hates capitalism and hates western freedoms. He has called for doomsday, so there is no doubt he will back into the silver trade real soon. So, we celebrate the flash crash by dropping the bottom out of everything. These swift moves linger so much longer than the actual declines themselves, and it's yet another in a series of events that camp in the recesses of the minds of former investors, and even those presently in the market

[problemchild]

One thing I learned long ago is that the big finance players love to set up the masses playing in their world, and work against trends, they have enough money to make things happen and profit from their plays.
I really felt something was going to happen in silver, all the signs were there.

I knew it was coming down as well and I am in it for the long haul. If you look back at my posts I posted that an anonymous player bought 1 million JULY PUTS at $25 SLV.

That person made about 8,999,999,000 % on their money. I almost followed suit but I thought it was a trap. I could have retired.


Whats funnny is the Fed or CME feels the need to control silver speculators but not gas, oil, food, corn etc. Only silver.