Indeed this could be the case, but not sure if they were accumulating enough to have that kind of leverage to impact the market by mass-selling.
If they did then they failed so far. The first selloff (from 26 May) had no impact at all (except just shaking off some weak hands as they say) and the pattern of the new one looks remarkably similar so far.
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The last week the total market cap fluctuated from 114 billion to 97 billion approximately so 17 billion on the move! Banks and bank associated hedge funds are more than capable of moving markets like this as they have this kind of money that they can use all it takes is a few banks funds etc to coordinate and we can see the kind of results we have just seen last week I bet after crashing the market they are just buying back in now hence the price rise! Making money is their game and when they can manipulate a market you can bet your bottom dollar they are doing it! I'm only recently starting to see these types of things happening although I've known about the corruption and greed that banks foster for a long time so I'm no expert but experiencing revelations as I see them happen and sharing my thoughts! I appreciate your thoughts too as it is all a learning process for me! Respect to you kind sir.....