Errol, on 06 May 2012 - 04:58 PM, said:
....This report provides proof of massive manipulation (suppression) of the gold price.....Working in tandem with these algorithms
Having waded through 57 pages, against my better judgement not to, I see a lot of assertions, allegations, charts from Kitco.....and a quote from Elvis Presley.
Algorithms are one tool that hedgies and traders use to automate their trades, and are based on the same mathematical principles as those used by the 'Quants' who were in service to the masters of the universe; and, if memory serves me well, had a leading role in the current financial crisis that began in 2007.
Algorithmic buying and selling also works both ways don't forget, being set to trigger both buys and sells automatically. These are usually referred to as 'support' or 'resistance' points in reports that are a regular feature on all serious gold sites. Kitco in particular.
Are computers now part of the manipulation conspiracy? Was Hal 9000 real, and not some sci fi fantasy? Is Fat Finger the cover name for the Federal Reserves algorithmic programme? Should we begin to panic if I Robot opens up 'I buy your gold boutiques'
Please, get a life and stop this conspiracy theory nonsense, you will frighten the newbies.