LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
Proof That Gold Is Manipulated Using Paper Gold


 -- Published: Wednesday, 5 November 2014 | Print  | Disqus 

It’s so easy to spot, even a caveman using a crayon and a ruler etching lines on graphs and making crystal ball readings could see it (source:  Nick Laird via Ed Steer’s Gold and Silver Daily, edits in color are mine):

GOLD1

This graph shows the average intra-day price movements of gold over a 5-yr period.  As you can see, on average over 5 years, during the time of day when the Asian physical delivery markets are open, the price of gold has positive returns.  During the time period when the Lonon/US fractional-hypothecated fiat paper gold markets are open and Asia is closed, the price of gold declines.

The black circles show the downward spike that occurs going into the London a.m. AND p.m. price “fixings.”  The green circle shows the price adjustment that occurs after NY is closed for the evening and the night time Globex session commences.  This is clearly buyer demand jumping in to buy gold that was artificially taken down in price during London and NY trading hours.

People, this is a 5yr daily data series.  It would be hard to create a data pool with better statistical correlation characteristics using a 99% confidence interval . It shows the behavior, on average of the price of gold over the last five years on a daily basis.  There can be no mistake that the price of gold trades at a higher price level during the Asian trading hours than it does during the London/NY trading hours.  Even more significantly, there can be no argument that the price of gold is manipulated lower going into the “benchmark” price setting London price “fix” operations. The price is fixed alright – it’s fixed lower.  This is evidence that would make the OJ Simpson defense team blush.

http://investmentresearchdynamics.com/

 


| Digg This Article
 -- Published: Wednesday, 5 November 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.