No, this is not another bears video, but rather a highly technical explanation by a German Chief Financial Engineer specializing in pattern recognition of charts proving systematic interventions occur in the gold market.
Dimitri Speck is a founding partner and Chief Financial Engineer of Staedel Hanseatic, an investment managing fund based in Frankfurt, Luxembourg and Riga. The investment process is based on computer models that were developed through years of empirical research. Speck specializes in pattern recognition of charts. As part of these activity, he came across an anomaly in the gold price, with which he was able to demonstrate systematic interventions in the gold market.
It’s one thing to simply know when a cartel intervention is occurring the gold or silver market due to years of experience, but it’s another to see it mathematically explained by a German engineer.
Lars Schall conducted an exclusive interview related to this topic with the technical analyst and book author Dimitri Speck: