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Message Subject
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Economic collapse and price controls on commodities!!
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Anonymous Coward |
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This is all BS. I have been trading gold for 5 years.
Every time the price approaches a large trendline, all the old longs stop losses get breached which causes the price to spike lower. As more and more buyers see the price crashing, they cash out which causes it to crash more. Then the computer algorithms on wall street also start selling and add to the mayhem.
It is about key price points, trendlines and algorithm trading.
The disconnect in spot price for example now in silver $22 and currently $31 is the best price in australia I can get a silver coin for, is purely because bullion dealers buy stock ahead of time and dont want to be caught with their pants down making a loss. The bullion price takes quite a while to fall, you cant expect dealers to risk their asses, its just common sense.
Also why would they lower the price when everyone is even more interested in buying now at $3 or $4 lower than 2 weeks ago prices. Why lower the metal price down to match the spot price when people will all still happily line up for hours at currently prices. You dont put things on sale when they are selling perfectly fine already !
It's just common sense, not a fucking conspiracy every time the price of previous metals falls. Yes the manipulate it to some extent at key price points, but once it breaches the price it then free falls and is out of their control.
Don't be surprised if silver falls to $17 before we see it go back up again either.
Quoting: Anonymous Coward 9761298 Wake up sheep. The long gold contracts through this crash have not gone down at all. It was ignited through a 400 ton short. Who has the money for that, even on margin? Oh I know, banks. They force stop losses and margin calls creating a falling price. They keep the price down, though they don't know the exact amount they can suppress it to at any time.
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