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1OldGreyFart

7,067 Posts.

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30/05/23

17:55

Post #: 68040925
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Originally posted by squanski: ↑

The price of gold is maybe the most important factor in the price of gold shares. It seems to me when they, who have the power to control markets, have got the gold price down to $1939, they will get it down to $1900 or close. That's what seems to have happened when there has been a big push down before. Despite purchasers taking advantage of the drop, the Commex, which is a paper market can sell huge volumes of paper contracts, which in the short term, can be independent of, the demand for, and the price of, gold. They use this power to manipulate, to force people who have previously purchased long contracts, to either sell the contracts or come up with the money to cover the margin calls. The above is well known but I wish merely to bring it to the attention of those new to the market.

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I think at last count, and there Isa very high possibility that I'm way wrong, but the " Paper Gold" market is worth about 200 to 300 trillion and physical gold about 10 trillion

GBR Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.6¢		Change 0.000(0.00%)		Mkt cap ! $27.95M

Open	High	Low	Value	Volume
4.6¢	4.6¢	4.6¢	$12.84K	279.2K

Buyers (Bids)

No.	Vol.	Price($)
3	384892	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	224147	1

View Market Depth

No.	Vol.	Price($)
3	384892	0.046
3	162994	0.045
2	320000	0.044
2	62500	0.042
3	616477	0.041

Price($)	Vol.	No.
0.047	224147	1
0.049	377500	1
0.051	40000	1
0.052	78783	1
0.053	230000	1

Last trade - 14.04pm 26/08/2024 (20 minute delay)

GBR (ASX) Chart