Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

gold, page-82029

First 82029 Last

Share
Profile

Follow
Exised

6,246 Posts.

2951

28/07/20

13:39

Post #: 46125460
Share

Originally posted by aldo: ↑

This kind of metals price bombing is very expensive and is showing decreasing effectiveness. The fact that this occurring at the moment is indicative of the damage that is being done to the short plays and further indicates backstopping of this action by the Fed and Treasury. They are the only players with deep enough pockets containing lots of electronic cash to play this kind of game.
Whereas once I was upset when they did bomb the markets, I am now sitting back with the knowledge that they are trying to hold back the tide with a stick.

Expand

Agree but never underestimate the stick against the feeble mind of the weak...

Last edited by Exised: 28/07/20
8 Upvote

0 Great analysis

Reply

Top Stories

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

CBA breaks trading record on strong day for Aussie financials

As Nvidia cools, we're looking to Aussie AI

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

There are more pages in this discussion • 46,842 more messages in this thread...

First 82029 Last

Add GOLD (COMEX) to my watchlist