Oil manipulation works both ways (JP Morgan tanker hire alternative view)

[1mealperday]

raw truth, no hype, excellent delivery. Thank you!

[eurogoldexchange]

Nonense..'They are not an oil company', what if they invest in gold, copper, steel, what nonsense.

[clearasvodka]

I agree. Too risky to buy a tanker and let it sit. Much easier to short the market and trade to manipulate. Now on the other hand if they were buying physical silver or gold - they could corner the market since supplies of both metals are very short...

[webozzy21]

Another great oil related video Flask.

Off topic - In my opinion the main reason for the enormous raise in oil prices last year was the ease of purchasing oil via ETFs. Huge hedge funds and individuals bought oil contracts and simply rolled them over month after month, with no intention of ever taking possession of the physical oil.

With ETFs like USO/USL/DXO the average joe like myself can own oil without storing it.

Matter of fact I own USL in my retirement account :-)

[realrasher]

I live in California and experienced Enron first hand. As I'm sure you're well aware, many of the top players are legendary for their market manipulation tactics.

I read somewhere that those same players are still honing their skills in different markets now. For this reason I become instantly suspicious about any abrupt price changes.

If one tanker isn't enough to have an effect on the price, then I wonder how many would it take?

Very enlightening. Thank you.

[SilverRose09]

Hello,

Thank your for your posting. A while time ago you mentioned that you will do a video about gold. That would be very interesting and a good one. We value your wisdom and opinion.

[SilverRose09]

Thank you for your posting. You said in the past that you will be a video about gold. Are you still going to do it? We would love to know your thoughts about that controversial metal. Thank you, SR

[wepollock]

"Manipulation by Goldman Sachs" not only in oil but in everything else. GS was handed the right to play electronic specialist on the NYSE and they are making a fortune as they prop the market.