By Sprott Money
The End Is Near?
Written by Craig Hemke, Sprott Money News & TF Metals Report
For gold investors, the major thorn in our side continues to be the USDJPY so we need to discuss it again.
Over the past weekend at TFMR, we had a discussion about how so many well-intentioned people could have been so wrong about “the metals” over the past five years. It included this sentence: “What we failed to predict was the successful, collective manipulation of nearly all “markets” by the CBs, their primary dealers and their willing/sycophant media through HFT.”
That one sentence could be the subject of a full post or podcast but, for now, let’s just focus upon the market manipulation through HFT. As you know by now, the USDJPY is just about the single most important general input for HFT buy/sell decisions. Whether it’s S&P futures, …read more