Could equal enforcement of the law regarding market rigging lead to a significant bull market? After knocking the cover off the ball in February and March with 52.62% year-to-date performance, Apogee Gold Fund appears to have been embolden. Fund manager William M. Cabot Jr., in an April 2016 letter to investors reviewed by ValueWalk, speaks his mind about an infuriating topic to professionals in metals market: price fixing by large and politically influential banks. The letter illustrates a subtle change in market structure, a positive trend if one supports fair and open markets. In fact, Cabot thinks gold and silver…
On This Page
- Professionals working inside the markets understand price direction performance drivers best
- Apogee: Certain participants have long been aware of illegal market rigging and its damaging impact
- Market manipulation hurts everyone involved in markets -- except those members of an "elite" club
- A chuckle as someone involved in market rigging turns "snitch"
- Will markets race higher on positive news?
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