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| karennma 8,057 posts msg #151248 - Ignore karennma |
3/16/2020 2:19:42 PM And, now, this ...? No rhyme or reason for this crash ... just a WARNING ... So, all of a sudden, AG is lower than it was a year ago?  Why did AU go down .. with the market ...?  |
| scvidar 87 posts msg #151250 - Ignore scvidar |
3/16/2020 5:25:28 PM My guess is when the Fed/Bankers can sell a whole years supply of gold/silver in one day without having any actual supply. Or when I used to trade commodities many years ago and it was mandated for every buyer there was a seller. Now the same criminals can short 500-1000 contracts for only 1 buyer. . The system has been criminal for at least the past 25 years beyond anything I could have imagined, but I am successful at it so "Happy Days are here again", think 1929 I guess. |
| xarlor 609 posts msg #151251 - Ignore xarlor |
3/16/2020 5:40:06 PM Metals are going down because everyone is getting margin called. They have to liquidate their gold, silver, et. al. assets to cover their margin calls. I expect metals to recover once the stock sell-off dies off, but who the heck knows in this climate. “In the near-term, gold could see further downside because of the need to meet margin calls across other markets and if investors are preferring to move to cash and reduce risk exposure across the board.” |
| karennma 8,057 posts msg #151253 - Ignore karennma |
3/16/2020 7:51:17 PM @ xarlor, Thanks for the link. To the right of that article was this headline: "President Donald Trump said Monday that the U.S. may be able to get the new coronavirus outbreak under control by July or August at the earliest." IMHO, that's code for: "expect the markets to continue to crater". That reminds me of ... Where I live, we have a popular financial advisor who has a radio show. He also speaks in code. Here's what he said this morning ... verbatim ... "Don't panic. By this time next year, everything will be back to normal." IMHO, this insanity is gonna last a while. |
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