RE: Gold charts gaps15 Apr 2024 07:01
Looking more broadly oil falling, US stocks crawling back up - no sign gold doing that, China or EM bought copper to spike it higher at open but it has fallen back, some signs silver might be moving - but gold did a v small jump back and now flat as a pancake. That speaks to me as fear of Fed intervention on gold, silver following gold, and copper plus nasdaq as being the best bet for an immediate bounce back, but the across the board fall makes me think of a large investment body all asset withdrawal regardless of the risk of losing out on the buy back. My guess is Nasdaq "squeeze", then copper "squeeze", then silver "squeeze" then gold last to recover. It was silver that really got clobbered. Is it the fed or banks who manipulate the prices so they can cover their losses on trades ? The rise in gold silver and copper after the "bad news" on Thursday was also a US driven thing. So the US hiked prices Thursday after UK close and crashed them Friday after UK - sounds like international bank traders working in unison to me. "I am reviewing, the situation". I think this was a bank conspiracy rather than a FED conspiracy but for me it could just be this strange idea of emergency funds for Israel if that is not an urban myth. Gold just wobbled to top of today's range btw.