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-82087

First 82087 Last

Share
Profile

Follow
Silver King

2,553 Posts.

244

28/07/20

16:06

Post #: 46130251
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

Unless majority of the gold smashed onto the market stands for delivery, the banks remain the capability of rigging this game.

It won't be long. Probably September will see the end of it.
5 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 45,487 more messages in this thread...

First 82087 Last

Add GOLD (COMEX) to my watchlist