The financial world is a fascinating one, but in a way horse racing markets are more pure - yeah they can be manipulated for short periods of time, but at the end of the day there's a race to decide who's right or wrong!andyfuller wrote:Yeah, I wasn't trying to argue it was significant, I was just trying to get a better understanding of why things happen. I was expecting Gold to have risen and when they said it was falling I couldn't figure out the logic behind why and they weren't saying either other than people were switching to cash which didn't explain the logic behind.
I find it all fascinating trying to piece together the jigsaw puzzle, same as with my Betfair trading. Rather than seeing what is happening I want to know why it is happening
Financial markets would be much better served without the interference of governments (apart from consistent and sensible regulation).
If truly free markets had started in say 2007, gold would have hit $10,000+ oz, and some countries and big companies would have gone bust, but things would have reset and sorted themselves out and we'd all be in a better place now. The problem is that TPTB have no time for markets that don't go in the direction they want them to, so they try to manipulate them (with predictable results).
If I had a back position on the 2nd fav and it started to drift as others were supported I could keep throwing money at it to keep the price down for a while - ultimately it's a futile strategy, but unfortunately one that western governments are pursuing.
Ps. Glad you're in the Financial Markets forum - sometimes it feels like I'm just having a conversation with Jeff! (not that that's a bad thing!).
