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Gold hits more-than-6-year high Tuesday morning before collapsing lower

Market Watch, Released on 8/13/19

Gold was up big Tuesday morning before the UST made an announcement saying they will be postponing certain tariffs on specific Chinese goods

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One Response to Gold hits more-than-6-year high Tuesday morning before collapsing lower

  1. Joe Reply

    08/13/2019 at 3:54 pm

    The selling had nothing to do with the US announcement on tariffs. ALL of the selling came out of London (ground zero for the manipulation of anything and everything financial). And why were they so eager to sell into a rising market? because of the nearly 1.2 million options representing over 3,500 tonnes of gold. Clearly they are significantly underwater, and clearly they are desperate. But not to fear, Asian markets are on a tear and they buy physical – not paper – gold. Perhaps we are going to see a massive short squeeze here in the near future.

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