GREY:ALXDF - Post by User
Comment by
pmformeon Jun 09, 2017 9:07am
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Post# 26344084
RE:Gold wacked again - $4 billion dumped
RE:Gold wacked again - $4 billion dumpedNo mystery why mining stocks have been battered for almost year now. Technical analysis in this environment is completely useless, if not laughable.
"One/some/several “entities” decided at 9:38 a.m. this morning that it was necessary to dump 14,315 contracts of paper gold. This is just the August contract. In total a lot more was unloaded. This represents 1.43 million ozs of gold. The Comex is only showing 900,000 ozs of “gold” as “registered,” or available for delivery in June, July and August (assuming all of that gold is actually sitting physically in the Comex vaults as reported). If we make that generous assumption, 531,000 ozs of paper gold was naked shorted."
https://investmentresearchdynamics.com/40-5-tonnes-of-paper-gold-dumped-in-4-minutes/