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Gold briefly stuck its head above $2K this-morning &, whilst it wasn't exactly monkey-hammered, it was immediately "encouraged" lower, & is currently pegged in the $1,990s. It'll need news to move it north of $2K. With the West keen to commit economic suicide with sanctions left, right & centre (that do more damage to us than they do to Russia), I don't doubt we'll get it.

Earlier today, Russia instructed all companies to settle their debts in Rubles. Interesting development. Couple that with all of the other sanctions that have been imposed (back & forth) over the weekend ,& that should make 11pm this-evening VERY interesting.

My guess is the BIS dumps a shedload of paper into the overnight market (when there's no real liquidity) & the metals get monkey-hammered. It's not like they haven't done it before.

There is no gold. And the UK is no better. How many people here are aware that the BoE seized Venezuela's gold & refused to return it as the UK "does not recognise Maduro as President of Venezuela". So the BoE now gets to decide who is (or isn't) president of a foreign country. They're supposed to be "a-political" in the UK, never mind overseas.

Also, the Australian National Bank asked the BoE to audit their gold deposited there. That request was denied. They didn't ask to withdraw it: merely to inspect it. DENIED.

This is what happens when you allow "independent" private banks to administer a nation's wealth without oversight.

Well, I thought I was clever buying back (two weeks ago) at a 40% discount to my selling price. Down over 20% in two weeks hurts, let me tell you!

What must the dividend be at now? 7%? 7.5%???

There's not one oz of Russia's newly mined supply leaves the country, so that shouldn't affect the gold price at all.

Biden isn't even in charge of his own bowel movements.

But not so much the wider (fossil fuel) energy trusts. What's the cause?

But not so much the wider (fossil fuel) energy trusts. What's the cause?

But not so much the wider (fossil fuel) energy trusts. What's the cause?

But not so much the wider (fossil fuel) energy trusts. What's the cause?

We're flat-to-down whilst other resource trusts are screaming higher. What's going on? Did our fund manager back a load of lemons???

Just to go back to my comment (Thursday) about regular US market manipulation, most notably in the final 30 minutes of trading: make sure you're sitting down, then take a look at the US indices today.

DRJ, thanks for posting. Whilst I place no faith whatsoever in technical analysis, I nonetheless find it interesting (lots of numbers & chart pr0n). Yes: algos can (& do) trade technical levels (& make up the bulk of market trades), but I'm not convinced &, looking at the comments, neither are other viewers.

Since war started in Europe, gold is up 1% & silver is up 2%. YAWN!

THEY are not going to let the metals rise. Gold should be $3,000 p/oz, even discounting a war premium. Anyone here would be better off investing in a wider commodities fund; in particular, agriculture.

FTR, I remain invested (& disillusioned) here.

ZeroHedge have highlighted a JPM report that lists Philip Morris as at greater risk from Ukraine fallout than others in the sector.

https://www.zerohedge.com/markets/these-are-companies-most-exposed-russia-and-ukraine

Palladium dropped 13% in 8 hours. ******* Clown World.

I'd suggest there's a reasonable move overnight, when the big players can be active in the futures market & make a killing whilst the less sophisticated investors are frozen-out. I recall ZeroHedge running an article at the turn of the year, pointing out that over 80% of gains in the S&P500 (for 2021) came in the overnight (futures) sessions, only to see the markets sell-off at the cash open.

BTW, if you don't follow the US markets closely, they're worth a watch...particularly in the final 30 minutes of trading. If there's a key technical level about to be breached, the PPT buy everything in sight during that last half an hour. And it happens REGULARLY. ZeroHedge always publish a daily review around the 9:30pm mark (UK time) with lots of chart pr0n that make it REALLY obvious what's going on. It's become a topic of great amusement in the comments there. But CNN will tell you the Dow rallied 200 points in the last 30 minutes on absolutely no economic news WhatSo*******Ever because "Mom & Pop" investors suddenly decided to BTFD.

It's a big club...& we ain't in it.

This is absolutely hilarious. Gold is now DOWN $80 & silver is DOWN$1.70 (& they're both still falling). Both metals are now below where they were before all of this kicked-off last night.

Did every problem in the world get solved over the last 8 hours or something??? I've been watching this (so called) market for over 9 years now & this is, BY A COUNTRY MILE, the most blatant and ridiculous manipulation I've ever seen. They either thing we're ******* stupid, or they really just don't care.

But they want you to believe that the west has free-market capitalism. Free markets! FFS!!!

This is absolutely hilarious. Gold is now DOWN $80 & silver is DOWN$1.70 (& they're both still falling). Both metals are now below where they were before all of this kicked-off last night.

Did every problem in the world get solved over the last 8 hours or something??? I've been watching this (so called) market for over 9 years now & this is, BY A COUNTRY MILE, the most blatant and ridiculous manipulation I've ever seen. They either thing we're ******* stupid, or they really just don't care.

But they want you to believe that the west has free-market capitalism. Free markets! FFS!!!

This is absolutely hilarious. Gold is now DOWN $80 & silver is DOWN$1.70 (& they're both still falling). Both metals are now below where they were before all of this kicked-off last night.

Did every problem in the world get solved over the last 8 hours or something??? I've been watching this (so called) market for over 9 years now & this is, BY A COUNTRY MILE, the most blatant and ridiculous manipulation I've ever seen. They either thing we're ******* stupid, or they really just don't care.

But they want you to believe that the west has free-market capitalism. Free markets! FFS!!!

This is absolutely hilarious. Gold is now DOWN $80 & silver is DOWN$1.70 (& they're both still falling). Both metals are now below where they were before all of this kicked-off last night.

Did every problem in the world get solved over the last 8 hours or something??? I've been watching this (so called) market for over 9 years now & this is, BY A COUNTRY MILE, the most blatant and ridiculous manipulation I've ever seen. They either thing we're ******* stupid, or they really just don't care.

But they want you to believe that the west has free-market capitalism. Free markets! FFS!!!