See and Watch Today's Paper Gold & Silver Slam Down. By Gregory Mannarino
Below is a snapshot of the paper derivatives of Silver (SLV) and Gold (GLD) taken directly from my website TradersChoice.net.
Today thousands of paper contracts were once again dumped onto the market resulting in a huge "gap down" (white circle) with a subsequent sell off follow-through.
Tell me.. who do you think is dumping thousands of these paper contracts onto the market like this?
Want to see this action for yourself on a LIVE chart? Click here: https://www.traderschoice.net/
Have you seen the cryptocurrency market today. There surely is a correlation... thanks for posting.
no correlation between gold and crypto, different players, different motivations, different agendas
ok, thank you. still learning.
The Federal Reserve and the big banks engage in metals price suppression. There are 100 paper shares in SLV and GLD for every physical ounce they have in inventory. They dump large numbers of contracts on the market all at the same time to push the price down. They do this to defend the value of the dollar. If they didn't do it the purchasing power of the dollar would collapse.
they do it to delay the dollar collapse
Red candle on daily chart is so far bigger than any other in months. They crush gold and silver today.
Wow wonderful trading
I like your post........///////
Useful post my friend
J P Morgan ? Cheers
Beautiful post my friend
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Nice post