PhD Economist and Dean of Business School: Gold Prices Manipulated

James Conrad is a PhD economist, professor emeritus of economics and former Dean of the University of Indianapolis School of Business.

Yesterday, Conrad said that the gold market is manipulated. Specifically, he begins an essay on the gold market by pointing out:

There is no other leveraged commodity market where short sellers increase their positions, materially, as the price rises, and increase them even more when prices are exploding, except gold and silver. The reason traders don’t normally do that is that it exposes short sellers to unlimited liability and risk. Yet, in both March and July 2008, and on countless occasions over the past 21 years, vast numbers of new gold and silver short positions were temporarily opened up, with the position holders seemingly unconcerned about the fact that precious metals had just risen exponentially, and that there was a very real potential they would bankrupt themselves with unlimited upside potential. Normal traders would not expose themselves to such unlimited risks.

I conclude, therefore, that over the last 21 years or so, “fake” precious metals supply in the form of promises of future delivery have habitually been increased when prices increase until increased “supply” managed to overwhelm increased demand, leading to a temporary price collapse.

This entry was posted in General. Bookmark the permalink.
  • http://www.blogger.com/profile/13156080225918567393 The Grey Tiger

    One little bit of comfort is the fact that the Bushie’s have not been able to handle or understand any program or problem they have addressed. Why would they be able to pull off the destruction of the dollar by some calculated program now.I thought they had already destroyed the dollar and the world economy already. They are incompetent and brain dead and always late.Chicago School economics has finally exposed itself to be the fraud some of us knew it to be.

  • http://www.blogger.com/profile/16327931231184953293 Kerux

    Grey Tiger’s mistake is he thinks Bushes’ admin doesn’t know what they are doing – they know exactly what they are doing.

  • http://www.blogger.com/profile/10055219248616277893 Rabbit

    You are both making the mistake of assuming “Bushie’s admin” is controlling anything. This is way over the head of the puppet US government, this is the banksters, the elite, the big old reptiles again.

  • http://www.blogger.com/profile/03411653243614209447 CottonEyeJoe

    The Jews come in to the country, change the monetary system from gold to paper, they steal all the gold (or else steal the money and exchange it for gold as in the Madoff case), then they crash the system(by stealing even more money)so that WE revert back to the gold standard. Now they have all the gold. TADAAAA!

  • http://www.blogger.com/profile/17497535830962810665 game gold

    At one time or another, I do not have the Atlantica online Gold ; at the first time, I am not willing to buy Atlantica Gold . But I do not wonder I buy the Atlantica online money , my friend thinks that I am ill. But when I have it, it carries the magic from such a group, such a link in the world, cheap Atlantica online Gold , it is the key bring you to this world. But buy Atlantica online Gold is the best desire that I make.

  • http://www.blogger.com/profile/14557050233215429265 筱娅

    Do you like playing in the game which you need to use requiem gold, when you do not have requiem lant, you must borrow requiem money from friends, or you buy cheap requiem lant. If you get requiem online gold, you can continue this game.

  • Pingback: “The U.S. and Europe Have Always Suppressed The Rising Price Of Gold. They Intend To Weaken Gold’s Function As An International Reserve Currency … Suppressing The Price Of Gold Is Very Beneficial For The U.S. In Maintaining The U.S. Dollar&#

  • Pingback: Gold Prices Manipulated – and China Buying Gold to Challenge Dollar As World Reserve Currency – According to Leaked Cable « InvestmentWatch – The best source of news, analysis, and intelligent discussion

 

 

Twitter