The cartel is DESPERATE to smash gold underneath $1400. BOHICA, or is the cartel not happening with out kicking and screaming?
UPDATE 1 –
It’s not as if the greenback has abruptly surged both:
Discover how silver is holding up nonetheless?
I’ve been saying silver has a lot much less draw back than gold, and I don’t assume gold has all that a lot draw back anyway.
Tune-in to yesterday’s live-stream when you’ve got not already to catch some ideas on the present state of the gold & silver “markets”:
(we kick-off the reside stream with some preliminary protection on gold & silver, and we contact on the current motion all through)
Some attention-grabbing “worth discovery” simply happened within the gold “market”.
Right here’s a have a look at the chart:
Seems to be like they wish to hit it once more, too.
Let’s do some fast math: $1400 x 100 ounces (a contract) x 8653 contracts equal $1,211,420,000 of gold “shopping for and promoting” in a single single minute.
Time to see what the smashes appear like now that gold is “buying and selling” at 6-year highs.
Test again for updates.
– Half Greenback
Concerning the Writer
U.S. Military Iraq Struggle Fight Veteran Paul “Half Greenback” Eberhart has an AS in Data Techniques and Safety from Western Technical School and a BA in Spanish from The College of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a pure development from the prepper neighborhood. He’s self-studied within the subject of economics, an lively novice dealer, and a Silver Bug at coronary heart.
Paul’s free e-book Gold & Silver 2.zero: Tales from the Crypto could be discovered within the standard locations like Amazon, Apple iBooks & Google Play, or on-line at PaulEberhart.com. Paul’s Twitter is @Paul_Eberhart.