Critical Alert: Another $2Billion of Gold contracts dumped - gold and silver plunge
It was a fat finger, sources say - really? A fat finger to soak up all the liquidity to intentionally keep the price down today.
Something doesn't smell right with this argument. Oh well, we'll see what happens during the day. Stay tuned.
Same old same old game of snakes and ladders. Gradually climbing the ladder up only to land on a snake and fall right back down again.
The drop, apparently due to the Italian bank bailouts. The very fact that banks are in trouble again should have people rushing into gold, the move is design to scare people out of gold. I think anyone sophisticated enough to understand the implications of the Italian bank bail outs will be buying hand over fist, knowing that gold will have it's day to shine in the sun.
That is what is puzzling me. With a $16 billion dollar bail out at the expense of taxpayers, people should be worried and should remember 2008 but I guess, people really do have a very short term memory or may be the TV media has not connected the dots for them to be easily digested.
It's giving us an opportunity to accumulate. That's the way I see it.
Banks failing should be cause for concern, but there's none? How long will this charade last?
It appears they're dumping and getting into the crypto games...
Could be but the market cap of cryptos has not gone up. It is still around $100 Billion, down from $111 Billion from a couple of days ago. Cryptos were getting hammered on its own anyways.
There games will stop working one day and I hope they go broke when it does.
Exactly my sentiments! I ain't gonna have money in the bank for them to steal!
Load up on gold and silver coins.
You see there are people in the world, who have a big heart for silver investors!
very well said. made me smile!
It was a far finger. It all happened within 8 minutes. Possibly the treasury or their minion banks.