RE:RE:Really 685000 on a almost $40 drop in gold? I see this action by the crooks that dumped 1000 tons of paper gold onto the crimex over a 30 minute time-frame yesterday, as killing 4 birds with one stone, all while China is off on their week long golden holiday:
1) Some sort of financial system disaster brewing.
2) Able to cover their short positions before this financial system disaster.
3) Shaking out gold from the ETF gold tree.
4) NFP that's out this Friday will be dismal, containing the spike-up in gold afterwards.
For now these crooks continue to control the price of gold through their paper gold scam, as their's no regulators to worry of.
So why not force the POG down to $1000 or lower? The problem is that setting such a price would trigger an avalanche of physical buying from purchasers all over the world. Physical buying demand that would in short time exhaust their supply reserves, that would then destroy their credibility of setting prices in the comex futures markets.
What cannot continue, won't.
IMO I feel this may be a good opportunity to add to one's physical & core positions in miners. GLTA