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Bullboard - Stock Discussion Forum Gold Resource Corp GORO

Metals & Mining Gold
Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. The Company is focused on its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico, and to develop the Back Forty Project in Michigan, United States. Its Back Forty Project has a polymetallic (gold, silver... see more

NYSEAM:GORO - Post Discussion

Gold Resource Corp > Gold price manipulation
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Post by GoldfingerU3O8 on Aug 09, 2021 8:00am

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
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Gold Resource Corp