Spot on team, the man himself:
April 19 (King World News) – Alasdair Macleod: “Watching the gold price in the last few days has been interesting. Every time the bullion banks try to mark it down, the buyers come in and the price then shoots up. Today, they took it down to $1,969 before it bounced back $27 in a matter of a few hours. Buyers, many of which will stand for delivery, have learned the game played on Comex and are quietly using it to remove all liquidity.The situation in silver is even more extreme. It was marked down 60 cents before the buyers cleaned out the market, squeezing the bears so hard that the price is now up on the day.
The underlying situation is the dollar’s trade weighted index has stabilised at a support level, and we see bond yields ticking higher. Hedge funds take this to be a time when gold could weaken, so are vulnerable to bullion banks dropping the price and taking out their stops.
No Physical Available In Size
But there is no physical gold and silver available in any quantity, and the deposit run on regional banks is driving retail demand for coins. And the banking crisis has only just started.
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Last
3.8¢ |
Change
-0.003(7.32%) |
Mkt cap ! $61.96M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.8¢ | $41.95K | 1.083M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 211854 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 735493 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 159223 | 0.038 |
3 | 407000 | 0.037 |
7 | 802555 | 0.036 |
6 | 582215 | 0.035 |
3 | 943707 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 735493 | 3 |
0.040 | 570305 | 6 |
0.041 | 400000 | 1 |
0.042 | 645314 | 3 |
0.043 | 640000 | 3 |
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