What effect will crashing gold prices haveThe FED was brilliant in its tactics with respect to inflation.Simply put they gave a two year time frame and two rate rises in same year .that and the fact they see inflation as transitory.This scared the one sided bullish trade causing a cascade meltdown and supported the US dollar the cleanest shity in the dirty laundary. currency basket.
There are questions now about has gold rally ended.Enough questions and this drop may continue and do some serious chart damage.The head of FED was once asked what they should have done differently =he simply stated not lose control of gold.The huge paper positions,the proliiferation of ETF's all to drain money from physical,,Currency 's are manipulated why not gold?.The offshoring ETP's settlements in England and Fed sponsered Bullion Banks that never lose..
The buzz phrase inspired by Hunt debacle "DONT FIGHT THE FED
And the" No New Margin" buying in silver this collapsed the inflationary commodities market. ending inflationary cycle.The number of lock limit down days sent traders to selling anything with a profit.the carnage was spectacular..People lost everything unable to get out. of silver
Any really goo chartists on this Board that have an assement of any long term damage to charts.