The stock market is manipulated, precious metals are manipulated.
Mostly via those derivatives I mentioned earlier.
There are roughly 200 ounces of "paper gold" traded back and forth for every ounce of real gold delivered on the exchanges.
Paper gold that has no gold to back it up.
People who sell gold as an investment are using this idea and have been for practically forever to sell it to people who don't understand how futures/derivatives markets work. There are always going to be more paper contracts vs actual physical commodity whether it be gold, wheat, cattle, etc. Its how the system is supposed to work.
I just did a search on "not enough gold to back paper markets" and got pages of hits. This is "common knowledge", so that in and of itself disqualifies it as some kind of trading edge. The old saying of what "everyone" knows being worthless comes to mind.
