finally figured gold price move News reports say gold moved because it was naming by Trump of treasurer, war ceasefire, 'even bitcoin moved a bit downwards' one reporter probably 8 years old reacted,, risk assets now in favour haha , profit taking - this is all so stupid, here is what happened
Wow what action today. and what a coincidence- all algos everywhere around the world at around 8:50 am sold big time at the same time, these are thousands of firms and programs and even investors , all at the very same time without talking to each other , and with algos all programmed to sell within 30 minutes , all of them together, billions and billions of dollars, all sold to see precious metals go down like a swan dive just before 9:30 am. This is so exciting you never when when this will occur again maybe such synchronicity only happens once every 40 years , like comets and eclipses. the odds are astronomical.All the world over at the same time wow and according to newscasters because of 'profit taking' or 'geopolitical', all at the same time,regardless of country colour or wealth. all together exactly at the same time . Wowee gee!
Those who did this pumped the price by $30 on Friday exactly at 4:30 pm to 5 pm. this is so the last price on gold Friday would be much higher because of this post market move after 4:30 pm would be down by $30 , you never ever this ,ever , in the past 40 years you will not see post closing gold price on a Friday go down $30 in 30 minutes without news. Then understand why , the algos around the world (90% of market) for Monday morning are given this last closing price of Friday for the Monday mornng open so Monday morning the market is already published down $30 before 9 am to then make it look really catastrophic worse for the algos than it really is. So the plunge in price is now $85 at 9:30 am and not $50 .pre-open at 9:30 am This is a price drop of $85 that has never happened in 50 years or ever (except in 2016 during the counting of Trump votes in the evening but it came back to even at open).and frankly the middle eastwar ceasefire is the an end to war and it is not like UFOs landing , so please can we just look at debt and inflation rather and not this flimsy overused word of geopolitical ....rap.anyways it is not even that stuff.
I explain .
This is never during trading hours because they know the gold prices of producers will better plunge like the apocalypse before the open and at the open, the algos react to $85 at 9:31 am and the manipulators pick up more gold producer stocks so they will eventually control the gold market producers. This also makes bitcoin look good because then they can say they are more stable than gold.
It is etiher the asians slowly taking over the gold stocks market or the bitcoin holders to make gold volatility now look bad to their benefit. It only takes a few billion to do this look at the volumes between 9 and 930 or on Friday after 4.30 ,not very high.
Learn !!! Someone machevellian is taking over gold producers. I know the gold market for the last 50 years and this is not unusual its criminal.
Can the SEC please check, thanks.