Research revives manipulation debate, suggests gold and silver collusion

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From Kitco News
Wednesday, January 27, 2016

Researchers from three universities are re-opening the manipulation debate with their study, which suggests gold and silver prices are more likely to be meddled with on options expiry dates.

The research paper, released last Sunday on the Social Science Research Network --

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2721250

-- suggests manipulation in the gold and silver markets, with the authors hedging that its findings are not conclusive.

"Do these findings clearly support the notion of price suppression? No. They are at best suggestive," said authors, Jonathan Battena of Monash University in Australia; Brian Lucey of Trinity College in Dublin, and Maurice Peat of the University of Sydney Business School.

The study highlights contract expiration dates as a likely time for price manipulators to step in. The researchers said they noticed large spikes in returns around the last three days of each month, which is typically when futures and options contracts expire. ...

... For the remainder of the report:

http://www.kitco.com/news/2016-01-27/Research-Revives-Manipulation-Debat...



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