Filter by Categories
Accounting
Banking

Exchanges




Cornering The Market


The illegal practice of seeking to get sufficient control of a particular asset (stock, commodity, etc.) in order to manipulate the price i.e. to drive it higher and then sell hoarded holdings for substantially more than purchase price. Cornering the market has the effect of hindering market competition and temporarily breaking down the mechanism of supply and demand. Historically, some investors attempted to manipulate the gold market (in 1869) and the silver market (in the 1970s) by buying large quantities thereof, forcing the price to shoot up. However, attempts to corner a market do not usually last long because high prices encourage investors to search for alternatives or producers to tap idle resources whose unearthing was previously uneconomic.



ABC
This section covers a wide-ranging array of terms and concepts, among others, in the area of exchanges and financial marekts at large ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*