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Govt. "regulators" investigate possible gas price manipulation -- but not metals or the DOW?

How is it possible in a free-market economy that government regulators can see something "hinky" going on in the gas market but not the stock or the gold/silver markets (PPT and Gold Cartel)?

Answer: we don't live in a free-market economy and, as a result, have government regulators, the PPT, and the Gold Cartel...
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Gov't discloses investigation of crude-oil market
Thursday May 29, 1:53 pm ET

Commodity Futures Trading Commission discloses investigation of crude-oil contracts

WASHINGTON (AP) -- Federal regulators are six months into a wide-ranging investigation of U.S. oil markets, with a focus on possible price manipulation.

The Commodity Futures Trading Commission says it started the probe in December and is taking the unusual step of publicizing it "because of today's unprecedented market conditions."

Crude prices have risen more than 42 percent since early December, when they hovered below $90 a barrel. Gasoline prices are nearing a national average of $4 a gallon, up from about $3.20 a year ago.

The agency said details of the investigation remain confidential.

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manipulated metals prices

One thing I have noticed happening repeatedly in the last half year or so, relative to the last thirty, is the pattern for the metals to rise in price incrementally over a period of days or weeks, only to "get hit" and drop precipitously in a single day, over and over again. In other words, the sudden and dramatic drops are not mirrored by equally sudden and dramatic rises. One can look through the daily price charts on Kitco.com and see that this pattern DID NOT happen in the past.

Anyone care to explain?

You are right akak,

and if you notice, it tanks in the COMEX at the open; and the sell-off doesn't carry over for the most part into the world markets.

Then there was this. This guy called this weeks drop on Monday.

http://www.kitco.com/ind/Wallenwein/may262008.html

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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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My two cents .. Could it be

My two cents ..

Could it be because through the FED, JPM, Goldman Sachs...The PPT basically....the gov't already effectively controls the markets? I'm not nearly as learned on this topic as many of you are, so take it for what it's worth :-)

Yes.

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Lisa C.

http://www.women4ronpaul.com/

Ron Paul "Sign Wave Across the USA" -- November 5th!

Selective vision,

Lisa.

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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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What a joke

There's no "price manipulation" in the U.S. oil market. It's a competitive industry.

The fascists are always looking for an excuse to regulate. If there is any manipulation, it would be by government with their regulations against drilling, and mixture requirements.

If there is anything to be understood from studying free market economics, it's that that really the only thing that can prevent a free market is government intervention.

Exactly

Everyone in any Ron Paul or libertarian forum should be on the same page with respect to these very basic free market concepts. And if anyone here says something like, "oh, but our market is not free", I'm going to puke. Even if there was only one oil company there would still be a free market and competition for oil. You, for example, would still have the choice to convert an old Mercedes to use vegetable oil, or ride your bike. There would be market forces controlling the price of oil and gas even if there was only one oil company. This is fundamental to understand. They might be able to get away with higher prices and profits than they could if they had competition from at least one oil company, but those high profits would in turn entice others to jump in and compete directly.

Anyone who thinks the oil industry or anyone besides the government is manipulating oil prices, or any prices, and supports Ron Paul, is quite the conundrum.


"Know what you know, know what you don't know, and understand and appreciate the distinction."

Advocating for minarchical libertarianism since 1984...


"Know what you know, know what you don't know, and understand and appreciate the distinction."

Minarchism
track

I think you missed the point of my post.

It wasn't about oil.

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Lisa C.

http://www.women4ronpaul.com/

Ron Paul "Sign Wave Across the USA" -- November 5th!

But the same concept applies

It's oxymoronic for REGULATORS to be looking for price manipulation in ANY market. Price manipulation is not sustainable in a free market, with a free market properly understood as a market without government regulation. Markets are free until there is government interventionism.

Moronic is the key word.

Agreed. Price manipulation is not sustainable.

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Lisa C.

http://www.women4ronpaul.com/

Ron Paul "Sign Wave Across the USA" -- November 5th!