MoneyChanger comment:
I can explain the drop in gold and silver today. Tomorrow is options expiry today. Options that expire above their strike price are valuable and the option writer must pay for them. Options that expire under the strike price expire worthless. WHEREFORE, traders who write options have a powerful incentive to drive the market down right before options expiry so they don't have to make payouts. Wherefore it is also no mystery that just before or upon Options Expiry gold and silver often are driven down. These tactics disgust me, but it’s the world we live in, and larceny rules everywhere.
MoneyChanger comment: I can explain the drop in gold and silver...
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Last
$1.59 |
Change
-0.020(1.24%) |
Mkt cap ! $1.722B | |||
| Open | High | Low | Value | Volume |
| $1.62 | $1.63 | $1.58 | $6.790M | 4.260M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10288 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 5848 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.59 |
Change
-0.020 ( 1.10 %) |
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| Open | High | Low | Volume | ||
| $1.63 | $1.63 | $1.58 | 1171576 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| GOR (ASX) Chart |