NYSEAM:GORO - Post by User
Post by
GoldfingerU3O8on Aug 09, 2021 8:00am
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Post# 33670771
Gold price manipulation
Gold price manipulation Fred Hickey, creator of the High Tech Strategist newsletter, called the selloff in gold a "pure manipulation play, meant to try to stampede real physical gold owners:
"Classic Sunday nite attack(low liquidity period) by massively levered futures traders. Pure manipulation meant to try to stampede real physical gold owners. These futures traders don't own any physical gold - just paper. I won't be a victim of their attempts to drive prices lower In fact, I'll do what they're going to do. They'll be buying -taking advantage of lower prices (in their cases covering shorts). It's frustrating they're allowed to get away with this time &again. It's one of reasons gold remains so undervalued relative to all the money printing."
https://twitter.com/htsfhickey/status/1424514878065233921?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1424515933511602177%7Ctwgr%5E%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fwww.kitco.com%2Fnews%2F2021-08-08%2FGold-price-well-off-its-lows-Twitterverse-sees-drop-below-1-700-as-a-buying-opportunity.html