....da passt ja der letzte "Hommel" wie die Faust aufs Auge
ob er hier mitliest ;):D
Silver Price Manipulation 101
Silver Stock Report
by Jason Hommel, September 16, 2006
I think Ted Butler has let his imagination run wild in his article, "Blatent Manipulation",
http://www.investmentrarities.com/09-11-06.html
If I understand what he's saying, then, the dealers are manipulating because:
When prices rise, the dealers don't sell.
And when prices fall, the dealers don't buy.
So, when they are, in essence, doing nothing, that's manipulation?
Either I'm confused, or Ted is confused, you be the judge.
Ted Butler's confusing article provides an occasion and opportunity for me to try to bring clarity to this issue.
But before I try to correct Ted on this issue, let me praise Ted Butler for an astounding amount of clarity that he has already brought to the issue of metals trading. I remember that Ted has said that metals leasing is inherently fraudulent, because if you rent, or lease, a house, you cannot sell that house to someone else, and if you rent a car, you cannot sell the car!
First, what is manipulation?
1 : to treat or operate with or as if with the hands or by mechanical means especially in a skillful manner
2 a : to manage or utilize skillfully b : to control or play upon by artful, unfair, or insidious means especially to one's own advantage
3 : to change by artful or unfair means so as to serve one's purpose
I assume Ted means that the manipulation is something done unfairly, or insidiously.
insidious means:
1 a : awaiting a chance to entrap : TREACHEROUS b : harmful but enticing : SEDUCTIVE <insidious drugs>
2 a : having a gradual and cumulative effect : SUBTLE <the insidious pressures of modern life> b of a disease : developing so gradually as to be well established before becoming apparent
So then, the manipulation in question seems to be something done unfairly, insidiously, to harm or entrap. Sounds oppressive, and evil, almost like an attempt to enslave others, and I agree with the basic definitions here.
In the past, Ted and others have alleged that if the big bullion dealers lose money, or make money, while trading gold and silver, then they are manipulating the market, and "picking the pockets" of other traders. And now, if they don't even trade at all, it's manipulation?
Nonsense! If a big trader makes money, or loses money, or moves the market, that is not manipulation. I know, because I am a big trader, sometimes I make money, and sometimes I lose money, and I move the market with articles. That's free speech; not oppression & manipulation. And I'm free to trade as I like under capitalism.
I could falsely allege that small traders manipulate the market, because they set the price of a stock with very small bids, or very small ask order sizes. And if I go to buy, the price changes on me, and moves up, because they were deceiving me with small order sizes. And yes, small traders can falsely accuse me of manipulating the market, because I change the market price if I try to buy! But neither the small trader, nor the large trader is at fault, nor doing anything wrong. Each is free to trade as they wish.
The point is that trading is not manipulation. Trading is exchanging. How can a voluntary trade be oppressive?
und weiter mit der Bibel: http://www.silverstockreport.com/email/silver101.html
"Ein Schelm, wer Böses dabei denkt"
linar 