If you were selling 40 tons of gold, would you just hit the sell button on a market order and unload it in four minutes? The answer is an obvious NO. Nobody in their right mind would. But a bank who isn't dealing with their "own money" and is operating on instructions would. We have seen this time, and time again. As soon as gold gets to a critical support level, somebody with a fat finger comes in and unloads a bunch of paper gold. Someday we will see a report that banks are getting fined for manipulating the gold price (just like we saw on the Libor scandals). That someday cannot come soon enough.
Hii @davidp i saw you post and i enjoyed reading it, could you please have a look on my daily analysis for Gold and give me your opinion. https://steemit.com/gold/@ohamdache/6mwd5y-midday-update-of-gold-28-06-2017
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I like it, upvoted and followed.
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Thank you for you help.
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"Market Sell" is my favorite button! it makes things so exciting! lol
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Of course nobody would do it heh. But it's the way as it is.. it just can't be helped.
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Gold traders? what they know about life
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hahaha very good!
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1250 range......So they did their job. Drove the price back.
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I doubt banks will ever get fined. they are doing this with the blessings above. I guess, China needs gold and west agrees so it is all planned. Only once China finishes buying gold price should start rising significantly is my guess.
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Wow that is one huge dump.
Absolutely ridiculous the constant drop.
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Damn... crashing the market
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@davidp: That's huge indeed. Thanks for sharing :)
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What???? Banks are manipulating the gold price
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haha yea I get it........It's like somebody selling 1MM bitcoins this morning.....
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Oh I got it now Thanks @davidp :)
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I see signs that the metals may make a run. Here is what I wrote about those signs.
https://steemit.com/gold/@motowngold/the-gold-train-may-finally-be-ready-to-leave-the-station
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Nice article.....followed. Yea when I see Goldman sachs officially covering Bitcoin.....I get nervous.
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lol, that is pretty shocking isnt it??!! Following you back, thanks for reading my article.
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How can the banks do like that? We need to shut them up.
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Agree...im just trying to raise awareness.
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Have a look at my post about been self sustainable I found a service which helps you make money on the Forex Market they send you signals and have professional traders which trade on your behalf in my first day which was yesterday I was up 48 gbp by the end of the day. I am looking like I will be nearly 100 gbp up in two days come look at my post and get involved https://steemit.com/trading/@wt1664/how-to-be-self-sustainable I will be posting today's account later this evening so stay tuned
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as usual, fucking banks just do what they want
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