What’s with the huge drop in volume of trades

Discussion in 'Gold' started by openeyes, Mar 24, 2020.

  1. openeyes

    openeyes Well-Known Member Silver Stacker

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    Gold has risen well over the last trading session but volume of trades shown on goldprice.com suggest trading has nearly stopped. Thoughts?
     
  2. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Sellers think it will go up and buyers hope it will come down....both at a loggerhead?
     
    66rounds likes this.
  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Everybody is waiting to see what will break first, the paper market or physical market. It looks like physical is getting scarce on the street, I was only able to find 1oz cast bars at a jeweller that doesn't really deal in bullion. Can't find them elsewhere.
     
  4. silverhair

    silverhair Well-Known Member

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    Multiple global refiners are now shutdown, physical is going to get vary tight supply wise & the paper market looks like a bad smelly joke to me.
     
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  5. openeyes

    openeyes Well-Known Member Silver Stacker

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    It would be great to see a shake out of the paper market but such a substantial drop in volume is disconcerting.

    It could lead to a flash crash if sellers dump with few buyers. Personally I expect another price drop when people realise this event is far from over.
     
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  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    GS said buy gold last night. Good omen? Or slam down coming?
     
  7. openeyes

    openeyes Well-Known Member Silver Stacker

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    Its 50/50 to me but the low volume could make for huge moves.
     
  8. heartastack

    heartastack Well-Known Member Silver Stacker

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    they want demand in paper gold they know nobody buys physical
     

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