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Silver Wheaton Corp. Message Board

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  • fjackny99 fjackny99 Jan 15, 2013 9:40 AM Flag

    Looks Like the Cartel

    If you look at the spot gold charts, you'll see a take-down coming out of London at every close.

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    • “…you'll see a take-down coming out of London at every close. …”

      It’s more like London takes it down prior to the opening of the NY market. Then before any small fry in the NY market gets the opportunity it immediately spikes upwards forcing many to buy in at substantially higher more risky levels. This encourages the shorts to wait for an intraday top to take it down once again, and “the beat goes on”. At the NY opening the London market is still open for a combined effort to manipulate the price in the desired direction.

      • 1 Reply to hapiwondrer
      • Yes, this makes sense. The "desired direction" is the key here as we know they can flip the switch for the "desired direction" at any time. Technicals have really become irrelevant in this market and we know the fundamentals have been consistent or improving for many years. It's funny to read the technicians posts about how the "bulls" and "bears" are now in control given the resistance and support levels. What a joke!

20.95+1.08(+5.44%)Apr 29 4:02 PMEDT