It seems for all the smashing its determined to rise again shortly their after ($2476.54 @ 9:37) who knows what it will be at the end of each week. Feels like a spring under pressure atm to me but in the markets as well as the metals anything can and does happen.
It's hardly getting "smashed", it is in fact holding up very nicely. Silver is the one getting "smashed"
Did you really need a new thread for this? https://www.silverstackers.com/forums/index.php?threads/warning-gold-is-now-getting-smashed.95191/
It's anyway the paper markets that decide the prices. Shouldn't Platinum be a better investment right now? But it's impossible to find at an affordable price.
At around 745-750 USD per spot, Platinum is attractive. I'm aching to see it at 600 USD again. At 850-900 USD/1 oz from a dealer, I say it can be called "acceptable", even though at 850 USD I'd stop calling it "affordable". Right now it's UNOBTAINABLE. But once it starts appearing, I expect outrageous prices. If a little "cooling down" follows and mints start feeding us with more Platinum coins and bars, then it might become a good buy again... but by then the "big fish" will have caught on already and will be on a bullish course already above 1,000 USD. I think it's already turning bullish :/