Thursday, August 31, 2017

Despite a flash crash that took gold price below $1300 last night, manipulation losing all power as gold recovers to even higher level

Yesterday evening in the U.S., and in early morning trading in Asia, an entity triggered a flash crash in the gold price through the dumping of thousands of paper contracts in what virtually everyone in the market now knows is manipulation meant to scare investors away from buying the precious metals.  However as we see less than 12 hours later, this manipulation no longer carries the power it once did, as the gold price has not only recovered what it lost from the flash crash, but is now $10 higher than where the price was at the time of the dump.

Flash Crash:  18:40 - Aug. 30


Gold Price Chart: Aug. 31


0 comments:

Post a Comment