it is not manipulation, it was manipulation when they took gold to more than $1800, what is gold used for? for your food? for your drugs? what? just a safe asset when money has no value, right now $US is gaining the value and by raising interest rate gold can easily got down to 800-900 range, opposite of the trend from $600 to $1850
an opinion isn't manipulation. What are they supposed to say? "Gold might not go down"?
MS said that gold might go down t0 $800 in the worst case scenario.
On Dec 2012, MS said:
"Gold remains our preferred fundamental metal exposure heading into 2013. Gold has long been viewed as safe haven and store of value. However, in recent years, global fiscal and monetary developments have given gold a more prominent role as both a central bank reserve asset and one with a value akin to cash as the global financial system moves to adopt Basel III standards for capital in 2015.
We see a number of items that should drive further price appreciation from here.
Weaker USD: The US Federal Reserve commitment to a near zero Federal Funds rate though 2014 and open ended purchases of mortgage backed securities should continue to pressure the value of the US dollar on a TWI basis. At the same, the ECB’s decision to adopt an unlimited bond purchase program through the Outright MonetaryTransactions (OMT) initiative, subject to the conditionality of a full EFSF/ESM facility, reduced downside risks for the euro and increased the likelihood of downward pressure on the TWI of the USD, via the USD/EUR cross rate.
Central Bank buying: Central banks’ preference for gold as a reserve portfolio asset further underpins the continued growth in gold investment demand. 3QTD, net increases in central bank holdings were 268t or 8,616Mozs, led primarily by emerging market central banks. The official sector has now been a net buyer of gold each year since 2009, as developed economies’ central banks have sold increasingly small quantities of gold"
Well it is a known fact that over time...trends play themselves out irregardless of the consequences that caused the resultant drops and then subsequent rises...so as 'they' say: Timing is everything...or if you can't see the future simply commit funds you can allow to 'sit' for awhile and let the tide again return in your direction, etc. Simple. That was easy!
It has been 5 frigging months since the US Justice department announced a criminal investigation against
Goldman Sachs, Bank of Nova Scotia, JP Morgan, Credit Suisse, JPMorgan Chase, Société Générale, Standard Bank, HSBC, Barclays, Deutsche Bank and UBS. Goldman already come out a couple days pumping gold below $!000 and now Morgan Stanley has joined the group of 10 above pumping gold down to frigging $800. How can the Gold CEOs say nothing when they have this huge criminal investigation to back up their claim of massive gold manipulation?
How in the frigging world can our vastly overpaid Gold CEOs sit on theirbutts saying nothing while the banksters from Wall Street crash the gold market. First it was Goldman Sachs pumping down gold with a price below $1000 and now Morgan Stanley goes nuclear gold manipulation with crash in gold to $800. All this at the same time the US Justice Anti-Trust is investigating these same banksters for rigging the precious metals market since the announcement in February and yet NOT ONE Gold CEO has said a frigging thing.
How much more of this gold manipulation does it take for at least one Gold CEO to speak out to protect their shafted retail investors. Are gold company CEOs just sitting back waiting to get rock bottom stock options?
Why would SMARTER gold/silver SHORTS have to cover, LOSER??? Duuuuuuuuuh?? the Fed Reserve, the US Treasury, and all the bogus regulator whoores collusively act to undermine gold/silver each and every day....it is a paper/digital market in which INFINITE amounts of BOGUS gold/silver can be created out of thin air and then used to SHORT the USELESS physical bullion into the toilet where it belongs!!! If anybody ever demands delivery of the actual metal, the COMEX whoores will allow INDEFINITE DELAY of delivery!!!!THERE IS NO NEED TO COVER, NOT NOW, NOT EVER!!! Go sell snow to the eskimos somewhere else, my typical gold/silver RETARDO, smarter pros AINT buying your PUMP NONSENSE!!!
Heading for a much DESERVED ALL TIME LOW, and prices BELOW 1.00... it has NO hope in hell of surviving this 20 YEAR VICIOUS GOLD BEAR....GOOD RIDDANCE!!!!! LOL LOL LOL
Our vastly overpaid Gold CEOs are helping with the manipulation of gold prices by 10 largest banks under US Justice Anti Trust criminal investigation announced Feb 24 by saying nothing for almost 5 months. There is no way the flash crash of gold on Monday morning would have happened if Gold CEOs had spoken out earlier about investigation. The media is just as complicate by not make one follow up report since Feb.
When gold around 900 an ounce, time to load beaten down miners. Need to patience to make money. $9 to $10 range for GG seems practical to get. IMHO
Loaded lot more... Gold demand will be there always as it was for centuries.. I see Asian consumers flocking to buy gold to take advantage of low gold price now .. Remember, Gold is the savings for billions of people in Asia, not paper money...
Sentiment: Strong Buy