""Still another way is my personal favorite, “Operation Rolling Plunder.
Every so often, we rain terror from the skies. We bomb the trading pits and exchange posts with massive sell orders. Without letup; all the way down. At the same time we pull all bids, blocking the exits. The refugees get trapped like rats, then panic and dump their holdings. We snarf up their discards and reload, all the while bombing and shorting the stragglers. By the time we finish, the only survivors are a few miserable deadenders and nutcases.
All they can do is piss and moan about “market manipulation,” and hatch their kooky conspiracy theories. They call themselves “gold bugs.”
.....das gibt aber ein Nachspiel, das haben sie vergessen diese Gangster ! ![]()
What goes round comes around !.. die Derivitive Bombe wird eines Tages platzen und etliche Banken in die Krise werfen.IMO
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Gold Watch: A bear raid?
By Jon Nones
11 Sep 2006 at 02:44 PM
Gold for December delivery fell $24.30, or 3.9%, to $593 an ounce on the New York Mercantile Exchange.
According to CBS MarketWatch, gold fell today as intermediate bearish signs in the market continued to draw investor away.
"The precious metal has quickly and effortlessly breached the $600 level, and is frantically trying to uncover whatever support levels there may be available to it, but appears unable to find them just yet," said Jon Nadler, an investment products analyst at bullion dealers Kitco.com.
"Intermediate bearish signals are lighting up one after the other, as traders probe lower and take the market from oversold conditions (just one week ago) to the bargain basement level, today," he said.
"The calendar however, will not wait, and the wedding season will be upon India within a month," he said, so "some will have to decide whether $580 or $590 gold is enough of a bargain to go ahead and load up on bullion."
Analysts with TheBullionDesk.com cited “productive” negotiations between Iranian and European officials over Iran's uranium enrichment program, according to Dow Jones Newswires.
"The improvement of geopolitical tensions between the EU (European Union) and Iran, as well as the ongoing correction in the oil market, seem likely to keep gold under pressure for the time being, with gold now potentially looking at a pull back to the $585 support should support fail to hold around the 200-day moving average ($594.20)," TheBullionDesk.com added.
Investors weighed bullion's longer-term prospects in the face of a declining oil price, according to Reuters.
"Some are asking about the need to hold gold as an inflation hedge if oil's going down," a bullion dealer said.
"We had expected more support at $600, but it didn't hold," another dealer said. "The dollar's not helping gold much this morning.”
According to Bloomberg, gold tumbled after negotiators reported progress to resolve a dispute over Iran's nuclear research. ![]()
“There's weakness across the board, and there's some talk that this could be the beginning of the end” for the five-year rally in commodity prices, said Ron Cameron, a resources analyst at Ord Minnett Ltd. “Tensions seem to be softening, and that's giving the traders an excuse” to sell. ![]()
“The Iranian talks and lower oil prices support a less attractive picture for gold,” said Jonathan Barratt, head of foreign exchange and metals at Tricom Futures Pty.
“People were playing gold up in the past two months on the basis of oil, and now it's on the way down,” said Mark Pervan, research head at Daiwa Securities SMBC.
The gold price dipped below $600/oz as investors sold out in anticipation of a stronger dollar, according to Business Day.
"The onslaught has continued in the Far East this morning where gold traded down to a low of $597, as investors panicked to liquidate their positions in anticipation of further dollar strength and a weaker oil price during the week ahead," said the Standard Bank daily precious metals note.
"The market will now be heavily focused on the 200-day moving average located at $593 where a breach and close below this major support level will certainly encourage further unwinding of gold positions as investors peer into a black hole," said Standard Bank.
December silver futures were last down 86.5 cents at $11.43 an ounce. October platinum lost $36.50, or 3%, to $1,196 an ounce and December palladium traded down $17.40, or 5.2%, at $316.20 an ounce. December copper fell 13.3 cents to trade at $3.438 a pound. Crude futures fell under $66 a barrel to touch their lowest level since late March.
My answer :