Countdown of Manipulated Gold Price Running Out [View article]
I can never tell if who the goldbugs are trying to convince that gold is worth millions per ounce.
They reason that futures traders can manipulate the price of oil both up and down, while somehow thinking gold is immune to this phenomenon. Guess what? Momentum traders will take the price to below ~50% of gold's high, just like they did to oil.
Countdown of Manipulated Gold Price Running Out [View article]
They reason that futures traders can manipulate the price of oil both up and down, while somehow thinking gold is immune to this phenomenon. Guess what? Momentum traders will take the price to below ~50% of gold's high, just like they did to oil.