Posted on 08/08/2021 4:37:22 PM PDT by dynachrome
In the volume void that follows the resumption of futures trading, and which saw US futures trade modestly lower, a sudden burst of selling in the gold futures contract sent Gold futures plunged as low as $1,677.0 or almost $100 lower from the Friday close of $1,761.50.
Together with Friday’s post-payroll plunge, this has been the biggest 2-day drop in gold (in dollar terms) since the March 2020 crash.
(Excerpt) Read more at zububrothers.com ...
Your thoughts?
What’s China doing with their gold ?
Infusing it with tungsten?
Buy quick!
Venezuela? Lots of suspects.
selling gold/silver and deploying to crypto is what I keep seeing.
Probably driving down the market so it can be bought at a discount. When you deal with millions of ounces at a time, even $100 will be hundreds of millions.
Isn’t the institutional flash selling of gold wall street boys helping the feds temporarily check inflation..
Silver is down a $1. It is tempting me.
I keep saying buy both.
looks like it has good support in the $23-24 range... I’d not be afraid to throw some $ at it..
Any gold or silver people here offer advice to where to go about purchasing? Complete novice on where to purchase.
Thanks.
Gold and silver are commodities. They, along with other commodities will go down in price during monetary deflation (which is different from price inflation).
Going into cryptocurrency is also a very bad move. Does anybody really think that the international banks will allow cryptocurrency to survive as any form of monetary standard?
“cryptocurrency”
Where is it actually stored? A cold wallet? Somewhere on the cloud? At least I can walk into a local bank branch and complain.
Link is down (503 ERROR) ...May be temporary
Eating [or burning for immediate personal benefit] Au is tough. Same for BitCoin$.
Buy a metal detector. All the buyable gold is gone already. They keep a small amount in circulation.
Dig.
Up just now. Probably getting slammed and someone is buying and the price is halfway back up.
Gold futures are still paper. Banks short, buy again and short making paper profits on the volatility so that they can do this over and over with the same paper/ digital money.
The real market is what people pay for physical gold.
Was physical gold down $100?
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