Trader Scott’s Market Blog
October 11, 2016
Questions and comments keep coming in when I write about “manipulation” of markets (gold in particular). Many folks believe there are no more free markets, and they can’t succeed in markets, due to all of the rigging. My answer is – all markets have always been rigged/manipulated and they always will be. Most of the rigging is “legitimate” and honest and just based on pure supply and demand. Some of it is dishonest, illegal, and disgusting. My point is we as the “little people” can do nothing about it. We should certainly be aware of it, but instead focus on at least attempting to use it somewhat in our favor, by learning how to anticipate the potential for it to occur and also by learning when it might occur. This is discussed in arecent postand I provide a very short term chart showing the mechanisms at work last week – as the strong hands/manipulators forced gold lower to run sell stops.
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day.Scott returned to markets over fifteen years ago where he continues as an independent trader.