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Gold Is Dropping Like A Stone. How Come?

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Pillar of the Community
Australia
1232 Posts
 Posted 08/09/2021  8:40 pm  Show Profile   Check ryurazu's eBay Listings Bookmark this reply Add ryurazu to your friends list Get a Link to this Reply
"$4 billion dollar paper dump",reference, on market? where did you get this figure? asking cause I sort want to know ins and out the in the weeds stuff, any you tuber or good source reference other than basic new media. Was this cause of option expiring, some one place large futures contact or something way more insider?
Pillar of the Community
United States
5167 Posts
 Posted 08/09/2021  9:08 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Crypto's?

The Mercury Dimes Specialist!
Current project: US Dansco 7070 Album
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Pillar of the Community
United States
2515 Posts
 Posted 08/09/2021  11:42 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Looks like it's time to buy. Nothing else is on sale these days.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
08/09/2021 11:44 pm
Valued Member
New Zealand
104 Posts
 Posted 08/10/2021  12:03 am  Show Profile   Bookmark this reply Add NZStamps to your friends list Get a Link to this Reply
Federal reserve bank drop to raise interest rates?
Valued Member
United States
87 Posts
 Posted 08/13/2021  5:03 pm  Show Profile   Bookmark this reply Add glenmorenee to your friends list Get a Link to this Reply
On any given day there are hundreds of pieces of data that can be blamed for the rise or drop in gold.  You can wait a week and the exact same piece of data will be blamed for the move in price in the exact opposite direction.


Tops are only clear in hindsight and that top in Aug 2020 sure looks like one. Lots of panic and media hype and a nice cover story.

 
I think the market is wrestling with 2 massive forces. COVID is a massive worldwide deflationary event.  And it has triggered an equally(?) massive money printing response.  I think COVID is winning.  All that economic output, all that consumption skipped or postponed,  all those people that have passed.  None of this will be replaced any time soon, hence the massive stimulus.  I don't think you could ever print enough to make everyone whole again.


Pillar of the Community
United States
2830 Posts
 Posted 08/14/2021  8:14 pm  Show Profile   Bookmark this reply Add Oldfordman to your friends list Get a Link to this Reply
The gold is being sold after the corona economy crisis.
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