RE:RE:NFG: Interest rate hike discounted!Don't forget the price of gold is manipulated. Every investment pro well versed in gold who I've heard interviewed acknowledges this as just a well know fact. My suspicion has been that the big players pile on gold, or do outright manufacturing of BIG sell offs, such as the infamous Flash Crash last August, where 4 billion $ of gold futures contracts were dumped into the market in the wee hours of Sunday night- very early Monday morning when only European markets were open, but few participating. ....why would people do that?...... The Flash Crash set the low price for 2021, at 1675, and was almost immediately erased, forming a very long tailed candle, and the trend has been up since then. ( We're at the very low end of the up channel right now).
Yeah Dan my favorite was still a Saudi Arabian company buying options on the Comex
on gold to some absurd number a week before we had war in the Gulf.
Wonder if Putin did anything on the Comex? IKE