11/7/17. Post Market Wrap Up PLUS: Banks Rigging Gold, Bitcoin, MORE. By Gregory Mannarino
(VIDEO).
Gregory Mannarino
London Gold "Fix." Click HERE: https://en.wikipedia.org/wiki/Gold_fixing
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Thanks for the link on the London gold fix I am going to check it out. Cheers mike
Nice post
I took out half of what I had, not a big investment as far as what others have but pulled out half which was what I actually put in, left some in there, waiting to see what happens here in the next week with the fork, some say it’s going higher others not so sure, I believe it will go higher, but I also believe it will drop out after the fork because it seems like a lot of people are buying more into it right now, but I still believe that Etherium and lite coin will pick up pace, As far as the London fix I always liked at it like the European fed , we will see with bitcoin, at least it’s still a real market.
When I see your publications, I have benefited from valuable information
I guess most stackers know about the LBMA (London Bullion Market Association) and their daily fix for gold and silver. It does just reflect the prices fiddled together on the big exchanges, though. Which is not surprising, since the board members are representatives from the big banks.
Thanks for adressing the coming futures trade of BTC. "We'll see how this plays out." Well, yeah, that's what I'm worried about. If the big banks start trading BTC on a cash setttled base, everything is possible. They could decide to take a serious effort, and go in with something like 30 or 40% of the BTC market cap - whats 50 billion to them, if that really can move something to their advantage. And then they slam the BTC price (for the futures) down to $200 or something. And keep it there, just as its done with gold every day. Thats what I'm suspecting.
Taking profit is never a mistake. Congrats on great trade. I am waiting for Bitcoin to pullback to around 5K to enter, until then I am on the sideline.
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Hey Greg this is for you to share and thank you for all that you do
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Huh, I was not aware of the rigging of the gold price. This is very strange, but it seems like fantastic news and the gold price will break out! It is crazy that I have yet to hear about this and I agree that the people need to be educated about this.
Thanks for sharing and teaching me about the gold fix!