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Except for April 15 when 400 tonnes of gold was dumped onto the market in the space of a few hours. When something similar happens to BHP the BHP bugs will be entitled to cry foul also.
Considering BHP trades about 2 to 4 % of market cap a day we are talking similar numbers (if not way way less for gold). Where are all the BHP bugs crying conspiracy? I mean you can even buy BHP paper derivatives!!
Except for April 15 when 400 tonnes of gold was dumped onto the market in the space of a few hours. When something similar happens to BHP the BHP bugs will be entitled to cry foul also.
Except for April 15 when 400 tonnes of gold was dumped onto the market in the space of a few hours. When something similar happens to BHP the BHP bugs will be entitled to cry foul also.
Except for April 15 when 400 tonnes of gold was dumped onto the market in the space of a few hours. When something similar happens to BHP the BHP bugs will be entitled to cry foul also.
http://kingworldnews.com/kingworldn..._Official_-_Arrest_The_Gold_Manipulators.html
Derivatives control the gold market and the gold manipulators should be arrested.
Still waiting for your data Explod.
No I am sorry T/H, it all beats me.
What we need is a financial market that can be understood so that we can truly judge, and know, that the market is honest.
So you have formed strong opinions on something that you actual confess to not have any understanding of.
I guess that just about sums up the internet!
I think that is a tad out. You purport to understand these things but seem to refuse to explain or let us ordinary souls in on it all.
Well they did I guess during the GFC. Dose that make it "unfair" or a conspiracy to keep BHP price low?
What does 400 tonnes even mean? How can you dump 400 tonnes onto the market without willing bidders sitting on the other side of the trade "sucking up" 400 tonnes?
Just a quick check on the NYSE, shows that in August 2011 there was a series of consecutive trading days on BHP where the total dollar volume was pretty much equivalent to the reported dollar volume of gold on April 15 2013.
Well.....
Don't know about that one. How many more times can I explain that your leverage theory is wrong.
Well.....
After so many attempts the only conclusion for you not being able to take in simple maths is you are not that sharp. ?
You like to berate others for not showing data so how about you show us the data for exactly when the trade in BHP shares reached a level during the GFC that would equate to 16% (= 400/2500) of its market cap in a single day (let alone a few hours).
So how about you tell us the particular dates you are referring to? Or perhaps you could tell us what the trading volumes on those days were as a percentage of BHP's market capital since that is the relevant comparison to make in the context of TH's BHP shares versus gold tonnes daily trade argument.
TH/Sinner: Am still waiting for your data.
You have EXPLAINED nothing. You have only made assertions.
How can you compare 1 day's trading to 1 year's production?
To compare market cap vs 1 day's trading,
It should be gold's total market cap vs 1 day's trading.
Total gold in the world is 168k tonnes. (as of 2010) Divided by 400 tonnes is 0.24%
Source: wikipedia.
I'm pretty sure I have. I'm also pretty sure you don't understand what I am even trying to say let alone whether its valid or not.
But that is to be expected from someone trolling with idealogical opinions.
Do you know what open interest is?
...... I'm also pretty sure you don't understand what I am even trying to say let alone whether its valid or not.....
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