Online:
Visits:
Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

What to Make of Gold

Sunday, July 26, 2015 21:27
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Did the flash crash in gold represent a last throw of the dice for the bears, or is it just another step on the yellow metal’s seemingly inexorable downwards path?

by Lawrence Williams
Mine Web

Following what was, in retrospect, a hugely successful bear raid on gold initiated with Sunday night/Monday morning’s flash crash, continued with less publicised market interventions, gold fell Friday at one time to below the chart-significant $1080 level. It did make something of a sharp recovery after that, even crossing up through the $1100 mark in later trading that day and closing for the weekend at $1099.50. The gold price fall has seen some significant withdrawals from the big gold ETFs – notably the SPDR Gold ETF (GLD) – with the gold freed up almost certainly being used to further depress the market as it was in 2013. Deja vu all over again as Yogi Berra would have put it!

Continue Reading at MineWeb.com…



Source: http://financialsurvivalnetwork.com/2015/07/what-to-make-of-gold/?utm_source=rss&utm_medium=rss&utm_campaign=what-to-make-of-gold

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.