Gold prices recorded the biggest ever fall to hit one-year low on frantic selling by stockists amid a steep fall in overseas markets. Gold suffering such a biggest single day fall is never seen before and may lose more ground in coming days mostly influenced by speculative selling in futures markets.Gold in New york, tumbled to the lowest since July 2011 on signs that investors are favouring the dollar and equities as the global economy recovers.The price of gold futures for June delivery finished the week at $1,487, down $78 an ounce. It's the lowest close of the precious metal since it peaked at $1,889 in August 2011. Gold has been falling steadily since its peak at about $1,900 an ounce in September 2011. Early reports said much of the selling Friday was tripped by stop-loss orders, which are directions to sell an asset when the price reaches a specific point. Clusters of stop-loss orders near a specific price will often cause a cascade of selling as each order is tripped and brokers dump their holdings.
Its called gambling manipulation. Their not selling Real Physical Gold that they own, Rather 2 or 3 large banking interests creating panic in the markets by selling shorts massive paper contracts of the precious metals all done by computer algorymthems so many sell orders dropping the price quickly n hitting other protecting sell orders as the price keeps going lower maybe buying it back after the price reaches a certain level making a nice profit for the day for these banks n out the smaller players on the price decline. Also protecting the dollar value as well. Like having a Spring Sale on Gold n Silver the Real Physical metal.
ReplyDeleteOK, American people, had enough of this tell sell story, go figure: CNBC right, a spokes-canal of the white house? what did they bring Josh, Jim, Jerred, and Larry, with flashing ads/breaks as always, ok Josh: first the knife is on the neck of the cyprus gold storage, remember always to know where the money/gold is going to or shall I say what central bank? second what a name mayflower, like these hypocrates are the flowers in the field, Its april for godsake, Jim did you had your teeth don recently? you'r smiling like your life depend upon it, and Jarred? still working hey, isn't it time to get your 401K and turn it into gold? Larry, forget the sell off off bitcoin at the end , some high game elite may have to be proven a point like manipulating it for 60% but at least no bank is controlling the will of the people for their interest. Finally, the Woody Allan figure who whores this all together at CNBC get in line with your foodstamps, your time has come. I really wonder why this piece got into this forum, to upset me in Germany?
ReplyDeleteWhat an obvious propaganda piece...no news here. Fed and NWO central banks are manipulating the gold price. We all know why. They're desperately trying to make the dollar and our economy look good. I'm not buying it. Are you?
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