Post by
Retiredgeo on Oct 23, 2024 12:16pm
NYC shorter attack
Most mornings around 8:30 AM EST the New York city shoters pile on to anything they consider overvalued. Today they launched a massive shorter attack on Gold and Silver. At it's worst Gold was down $40 and Silver was down over $1. It appears to be over now.
It is a shame that it just happened to coincide with the Q3 production figures which were just as good as Q2.
I have read that some of the big NYC shorting desks are naked shorting which is illegal.
Comment by
Retiredgeo on Oct 24, 2024 10:38am
The NYC shorters are at it again driving Silver back down to $33.5 and they are trying to drive Gold back ro $2710. This kind of market manipulation is legal but damned annoying.