Does any one know how and why we get these instant sudden drops that seem to be occurring more and more lately? Is it massive manipulation?
I LOVE it! I get alerts on my phone when there is drops lower than .50cents in silver or $20 in gold. (can set to any price) You can purchase off websites day or night and they are programmed to follow spot price! With all the 'dips' in price this year.. I now only buy when they major dips happen. Best part is 24/7 you can buy online! And these major dips have had fast recovery lately. If we didn't have net, we would have to wait till the coin shops opened, and miss the 'dip'
It's a massive sale. I don't think it's "bad intended manipulation"... it's just some people making a fortune by selling at the right time Buy-sell-buy-sell-buy-sell... familiar? Buy in the valley, sell on the mountain top. So this futures contract seller really knew when to sell. Picked a good moment for it.
Read this: http://www.bloomberg.com/news/2012-11-28/u-s-stock-index-futures-drop-before-home-sales-report.html Some guy Ive never heard of says a few words about the 'vibe' of the coming days and stocks rise, they fell before as no one had any positive evidence their cash was safe tied up in the market. Once they realise it is safe more money goes into it pushes gold up, people get scared they take money out or shot bet. This has nothing to do with the value of gold, and everything to do with the price of gold. But dont forget inflation eats away at their cash so the best there doing is making a percent or two per year at the end of the day, gold pretty much has surpassed that for nearly 13 years, and why 13 & not 30 years? because this is the result of the new system we are in, not the smooth running machine of the 90's. A commodity as liquid and as practicle as gold is now showing its true value, to go back to the cash is king days would mean to wipe all debt, solve all financial issues, and bring stability to every market and major economy around the world, an ultra impossible task. Very interesting 20 years ahead.
Wonder if CME declaring force majeure because MTB are unable to deliver gold from hurricane affected depository in New York was a trigger event. http://www.cmegroup.com/rulebook/files/20121126s-6476.pdf
Its the "Charging Bull", which is sometimes referred to as the Wall Street Bull or the Bowling Green Bull, is a 3,200-kilogram (7,100 lb) bronze sculpture by Arturo Di Modica that stands in Bowling Green Park near Wall Street in Manhattan, New York City.
I like this one better. If the bull symbolizes an unstoppable rising market, say like the physical precious metals market, then that guy pinned against the wall must be GLD & SLV in a short while. :lol:
We've got this out the front of the Moo Moo bar here in Brisbane Really is a fantastic resturaunt/bar...you pay for it...but worth it for a really special night out.
