Reply #1: Market WrapUp [View All]

[ozymandius]

Fudging, Fundamentals and the Electoral Cycle
BY ROB KIRBY

Anyone who’s paying attention has probably noticed that commodities prices have been, shall we say, volatile?

Most economists worth their salt will generally proffer opinions on the sometimes erratic moves in the prices of commodities based on their views of inflation, deflation or possibly even their perceptions regarding where we are in the business cycle.

.....

The use of manipulative derivatives has not been limited to the gold space. Just take a look at how incredibly “obedient” the oil price has been over the past two election cycles in the U.S.:

-see chart-

Just think of it; two price collapses in Crude Oil, each of them commencing – almost to the day – the same amount of time prior to November Elections in the U.S.A.

With U.S. elections out of the way tomorrow, it seems we can all look forward to a new Administration, a jolly holiday season and the likelihood of increased heating costs to keep us warm through the upcoming winter months.

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