Recent Posts and Categories

Gold Drops Below $1200 On Heavy Volume, Silver Freefalls To Feb 2010 Lows

OWoN: Gold dropping again in value.

Look at the 4th chart and ponder - It is known who sold and who bought and who paid the piper and why certain parties no longer have control like they once did. Just imagine the enormity of hits taken in forced physical delivery!


Image: Forbes


Gold Drops Below $1200 On Heavy Volume, Silver Freefalls To Feb 2010 Lows


Zero Hedge
By Tyler Durden
30 October 2014

It appears the machines forgot the shift in DST across the pond and started their European close flush a little early. Someone/something decided it was an opportune time to dump thousands of contracts of gold and silver futures this morning - clearly ignoring Alan Greenspan's advice. Gold ETF holdings are now back at levels first seen in April 2009. Gold's break below $1,200 likely brought some momentum chasers but Silver is in freefall, down over 5% and back to Feb 2010 lows. WTI Crude also broke below the crucial $81 level...

Gold



And Silver...



and from FOMC...



Gold ETF holdings are back at levels first seen in April 2009....



and one more thing....



Charts: Bloomberg

link

No comments :

Post a Comment

If your comment violates OWON's Terms of Service or has in the past, then it will NOT be published.

Powered by Blogger.