Originally posted by DimPrawn
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Gold
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Originally posted by OwlHoot View PostThat he'd made pots of money. And you haven't.
HTHComment
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Originally posted by DimPrawn View Post
The spot price of gold slumped by more than 4pc to $1,086 an ounce in overnight trading after traders sold 57 tonnes of gold in Shanghai and New York, choosing the moment of minimum market liquidity in what appears to have been a targeted attempt to hit prices hardest.
Gold has been steadily falling since a peak of $1,900 an ounce in September 2011. As the sell-off this morning passed the important barrier of $1,100 an ounce for the first time in five years, it triggered stop-loss orders, which traders put in place to limit their losses by automatically selling when the price reaches a predetermined level. That caused the price to drop even more sharply.Comment
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"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Gold is now driven by the ETF index, which is suffering from hypothecation ratios that are bad enough to be called utterly corrupt. Yet somehow nobody get's charged.
It's so bad now that buying gold causes the price to go down. Think about that.Comment
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Originally posted by TwoWolves View PostGold is now driven by the ETF index, which is suffering from hypothecation ratios that are bad enough to be called utterly corrupt. Yet somehow nobody get's charged.
It's so bad now that buying gold causes the price to go down. Think about that.
€35k per kilo I think at the moment, would not be surprised if gold surged beyond €100k per kilo during the next crash.
JP Morgen stashing silver like there's no tomorrow. Why is JP Morgan Hoarding Silver?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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