Dark Pools HFT and hidden OTC
posted on
Jul 08, 2012 01:59PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
OK, we need to get to the next level of understanding of this world we live in. What we are here discussing and dealing with is meaningless in the actual world of markets (sic!). There are no legitimate markets anymore. TA, FA give me a break! I have been listening to some interviews and read some things about dark pools and OTC hidden trades, and realize just how much we have been screwed as retail value based investors. I would invite all here to google dark pools and read up on this if not already. We post on here about how the market drops at the close, or some big block order hits and nothing happens or how some 100 share order distorts the price? Read. Here's a definition of dark pools:
https://en.wikipedia.org/wiki/Dark_liquidity
TA and FA are meaningless in this world. Do we wonder about how the DJIA can go up and down like a rollercoaster on virtually no news? Look no further than all the algo trading, which is now estimated to be as much as 70% of the daily volume on the NYSE! Frontrunning legit small investor trades for tenths of a cent does make a pile of money. All the while the "real" trades are done between entities in the dark. We don't know the shorts, only the ones that the uninitiated are short. The good news is that this stuff is being revealed, but does anyone really think that the money elite has not already figured the next way to screw us? I could go on and on, but here's the point, we are screwed unless one of two things happens: either the financial system actually crashes, by that I mean the financial powers actually lose power and control, which I think in reality is highly unlikely, or, that it becomes in their interest to be on the same side of the PM reality as us, which I actually think may happen.
Here's an incredible interview that Chris Martenson did with Paul Brodsky essentially confirming this hypothesis:
http://www.youtube.com/watch?v=hSLzEu8erOk&feature=g-user-u
Also, if you haven't seen this it's worth your time IMO. Max on a panel discussion of LIBOR. Max Keiser at his best!
This LIBOR scandal has legs methinks. Manipulating prices of $600 Trillion of market products is a pretty big deal.