What made Silver, Gold and Oil drop last night?

[Norrin Radd]

Normally the big moves are when the NYMEX opens so what made it plummet between 2 & 3pm NYT?

here is what reuters say

http://uk.reuters.com/article/2011/02/24/uk-markets-global-idUKTRE71N6WA20110224

- Gold slipped and crude oil prices dropped sharply from 2-1/2-year highs on Thursday on speculation Libyan leader Muammar Gaddafi had been shot, but other markets barely reacted to the rumour.


we are in for a super roller coaster ride if the market moves on rumours like this

any other ideas why the prices dropped?

 

[systematic]

why look a gift horse in the mouth

 

[THUCYDIDES79]

prices dropped because the rate of change in the
destabilising process in Northern Africa is not as high
as what the bulls paid for.

 

[Stedlar]

Join the dots

http://www.zerohedge.com/article/ice-hikes-oil-margins-second-time-week

http://2.bp.blogspot.com/-2sCrwp9xhcg/TWa-jEuJSmI/AAAAAAAAAG4/zKxZh15zivE/s1600/snapshot-444.png

 

[Norrin Radd]

yes it seems that the dow didnt buy the rumours as it moved up at 2pm

 

[Fe Mike]

Always useful to check the volumes traded; not just the prices.

 

[JulieW]

Gaddaffi shot?!?
There the manipulators have their solution. Just shoot all the looney tunes dictators in oil rich countries, install someone regime friendly and the POG drops - ooops they do that already don't they. Silly me.

 

[systematic]

if Gaddafi being shot makes a difference then can we assume the price of lead and brass affects the silver price ?

 

[Guest]

Gaddaffi shot?!?
There the manipulators have their solution. Just shoot all the looney tunes dictators in oil rich countries, install someone regime friendly and the POG drops - ooops they do that already don't they. Silly me.

Indeed they do.

For those who take the red pill, the rabbit hole goes down a very long way...