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RE: Gold and Silver manipulation ya think?

in #gold7 years ago

I do not use moving averages in my trading. I believe its more of the algos going after the easy stops. When everyone gets bullish the algos create a stop run, resulting on margin calls, covering, it gets messy. gold and silver contracts can change hands many times in a day when price get volatile. Look at the 1970´s rally, the Hunt Brothers tried to corner the market. The bulls did not complain about that. From the 2009 lows to 2011 highs, I noticed some massive daily rallies. Not one person complained when silver and gold rallied just as hard when it crashes. I believe the manipulation is both ways and it´s the algos manipulating the markets.

Trader of Futures (Ernie), one of Greg´s friend´s is a professional trader, he trades money for other people. Ernie made a video on how the death and golden cross fail just as much as they work. When they do work we give power to them.

I could be wrong, just my pov.