Loading ...Strange takedown
Can you imagine the amount of selling that seems to take place in coordination across many different miners to shake people out before another move up? Is it computers, people, institutions? It seems to reach even smaller producing miners with the same destructive force even though gold didn’t tank yesterday. I just find it strange and disturbing. I don’t trade in and out of these things much anymore because of precisely what happened yesterday and now a big rise today. Is there something I’m missing? I admit, I’m pretty ignorant when it comes to this stuff.
Don’t think so… All they have to do is knock gold down and all the stocks fall together
The entire market capitalization of all the miners is roughly 241 billion. Only a tiny fraction of that amount is traded at the margin, the actual shares being traded at a given moment in time. Approximately
93 million dollars. You only need a fraction of that to move prices. It is a program which I have referred to. It used to be called F126 and may have been funded out of a GSE account. The empire can kill the goldies any time they want. I am guessing that they used the program yesterday to signal that during a market equity crash the goldies went down with the market. Today no one is paying attention to the goldies
so it is unlikely to be run today.
Thanks both of you. I was just wondering. Something I do quite often as a wander through life. Sounds like a song. “I Wonder As I Wander” Babs sings that around Christmas time.
Markets have ALWAYS been rigged, broken & manipulated – Ben Carlson
https://awealthofcommonsense.com/2020/02/market-have-always-been-rigged-broken-manipulated/
The goldies are trading with the stock market. I’m not going into the weekend holding my miners.
Can’t say I blame you with free commissions and all