Busted #Metals Traders Distract from Larger Manipulation Problem. Busted Metals Traders Distract from Larger Manipulation Problem. The Chicago Mercantile Exchange recently suspended two traders from the United Arab Emirates, Heet Khara and Nasim Salim, for manipulating the price of gold and silver.
The two traders utilized a technique called "layering. " It's the same technique that Navinder Singh Sarao used to facilitate the Flash Crash of 2010, which plunged the stock market 600 points in a matter of minutes. Layering is remarkably simple: traders merely place tremendous amounts of orders and then cancel them just before they're processed.
But not before those unfilled orders began to move the market. Nearly anyone could do it. Investment #Silver Demand Draining COMEX Vaults. Investment Silver Demand Draining COMEX Vaults. Commodities / Gold and Silver 2015Aug 04, 2015 - 09:43 AM GMT By: MoneyMetals If there are words to characterize the precious metals markets for July, it would be “divergences” and “shortages.”
5 Catalysts That Will Spark a Bull Market in #Gold and #Silver. 5 Catalysts That Will Spark a Bull Market in Gold and Silver.