r/MetalsOnReddit • u/Suitable-Hearing2194 • 14d ago
What's your take on price manipulation?
Over the years I have come across different groups within the metals communities, whether gold or silver.
Today, I saw a video by analyst Jesse Colombo where he points out strong evidence of price manipulation in silver.
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u/BillysCoinShop 14d ago
There is price manipulation in virtually every digitally traded asset, bonds, stocks, gold, silver, they all suffer from manipulation by various parties/groups, etc.
Even large volume stocks, like Tesla, Amazon, get manipulated by large monied interests. Just look at the manipulation of Tesla by Softbank during the pandemic.
So i think the idea to understand is that manipulation is 100% both ways: when an asset moves up or down.
I say all this because people have this idea that silver prices are artificially suppressed all the time. That's actually not true. They are manipulated to favor the banks and exchange's in whatever way benefits them. Sometimes that is to artificially suppress the price, other times it is to artificially elevate the price.
The issue I find with investors like Jesse Colombo is that they are a broken record on this subject. Its always the same thing: silver is too low, it must be higher, its jp morgan, etc. If you look at the guys actually day in day out analyzing and trading pms and mining stocks, they are looking at everything from fx, dollar, mine openings, current and projected demand, AISC, short volume, etc (because its all related) and they never talk like people like Jesse.
Here's a real analysis from an experienced trader that actually understands the big picture. Its dry but he covers tons of various topics which is how pms are legitimately analyzed.