posted on May, 7 2011 @ 07:27 PM
reply to post by Rockpuck
Originally posted by Rockpuck
reply to post by unityemissions
Actually it is illegal to have your firm announce your doing one thing and do another. It's no different than a pump and dump scheme, which is also
That's the catch RP, the Soros Fund never announced it's trading activity, and the 'selling' rumor remains just that, an "unconfirmed rumor". I'd like
to repeat that part with gusto...unconfirmed rumor
. And since the Wall St. Journal was quoting an annonymous leak, it would be very difficult
for regulators to implicate the fund manager in fraud & manipulation even if they were so inclined......rainy day in hell I say!.
The WSJ claims the Soros Fund sold PM assets during the past month, if this is in fact the case, then they sold into rising prices...just look at the
charts. This means the market absorbed the selling and kept on rising. It isn't that difficult for a good trader to camouflage his "asks" when volume
is surging in a rising market. The actual selling didn't crash the market...but Oy Vey!...those rumors after the fact can have a tremendous impact on
There's nothing illegal about selling into strength, in fact it's smart, but if this rumor was "leaked" near the top to aid & abet the bullion banks,
and to inspire fear so shares could be repurchased on the cheap as unityemissions suspects...then it gets kinda sketchy...problem is, when it comes to
the mover & shakers, the Soros' & Buffet', our regulators have no incentive to track-down annonymous leakers, and even if they did...the Soros Fund
itself , including the hierarchy, would remain untouchable.
The market is a shady place, whether we like it or not, rumors move markets, and rumors abound.
Here's another one for ya from the wayback machine. Wonder if the CFTC launched an investigation to determine the identity of these rumor mongers as
they manipulated the price of Gold up ?
Rumors of Buying by Soros Send Gold Prices Surging
Gold prices jumped again yesterday, amid rumors that the billionaire financier George Soros was starting to buy gold once more.
In lively trading on the Commodity Exchange in New York, gold for December delivery jumped $4.40 an ounce, to $372.40. Partly because of a late
Wednesday rally, gold prices have shot up $8.80 an ounce in two days.
Kinda cute huh? "Gold Prices Surging
- up $8.80 in two days" - Yawn
edit on 7-5-2011 by OBE1 because: (no reason given)