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Only in the gold market......
Can it give back most of an early morning $16 gain by 2/3 when all the other factors reamin unchanged. Crude higher, dollar lower etc...etc...
The tell today is silver which can't stop tripping over its own feet. Are they selling silver to get to gold? Wouldn't surprise me.
Just when you think you have seen it all, this morning comes along.
The tell today is silver which can't stop tripping over its own feet. Are they selling silver to get to gold? Wouldn't surprise me.
Just when you think you have seen it all, this morning comes along.
posted by Neal | 9:59 AM
1 Comments:
Yup. Gold follows whatever goes down the most. I guess today it followed silver. First I thought it followed oil, then the broad market, but nah just went down because it is always the path of least resistance.
Gold stocks were shorted 100 shares at a time today. They did it with NEM. It too 16 trades to fill a 2000 share order. I flipped it at the end of the day and all the shares were swallowed in one trade. What does that mean?
Maybe, we are in for a rally in the next day or two. Who knows with this garbage?
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