Gold On The Brink. Manipulators Desperate? | July 24th, 2015

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CCFPress Press Manager United States 1420 Posts	Posted 07/24/2015 2:23 pm Money Metals Exchange - Coming up we'll hear from Chris Powell of the Gold Anti-Trust Action Committee, better known as GATA. Chris has plenty of things to say on just how blatant the manipulation in the gold market has gotten and what the result of all of is likely to be. Don't miss our exclusive interview with Chris Powell, coming up after this week's market update. Well, what a week for the metals markets. Unfortunately for the bulls, this week's price action was notably to the downside, with spot gold breaking to five-year lows. But in the retail market, gold is having one of its best months on record. More on that in a moment. First, let's take a closer look at the market technicals for precious metals. Gold lost nearly $40 on Monday as selling from China drove spot prices below $1,100 an ounce. The yellow metal recovered somewhat from the worst levels on Monday's selling spree, but has not been able to hold above $1,100. Gold finished Thursday at $1,090 an ounce and is currently even lower at $1,083, down 4.6% on the week. Read the Entire Article Report this Post to the Staff

Northerncoins Pillar of the Community Canada 2019 Posts	Posted 07/24/2015 4:24 pm Hold on to your hats, next year will bring new highs for gold! Report this Post to the Staff
tgauchsin Valued Member United States 344 Posts	Posted 07/27/2015 10:20 am Quote: ...if you believe gold and silver have a bright future in the long-term, today's suppressed prices are really a gift. It gives you more time to accumulate more ounces at what appear to be bargain prices. My takeaway: short term investors are upset, long term investors are saying, "Let it fall, let it fall, let it fall..." Report this Post to the Staff
Boliver Valued Member United States 61 Posts	Posted 07/27/2015 10:23 pm My take is: Those who own small amounts of PM like price drops, those who own large quantities do not. Report this Post to the Staff
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