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KITCO: Gold price slumps to 8-mo. low on rising bond yields, bounce in USDX

A more current price reading than what is shown on the chart below is: Gold: 1727.90 -42.20▼ | Silver: 26.33 -1.09▼

https://www.ino.com/

http://www.rumormillnews.com/pix/20210226-spot-gold-chart.png

[snip]

(Kitco News) - Gold futures prices are solidly lower again in early U.S. trading Friday and hit an eight-month low. Rising government bond yields that are at least short-term bearish for the precious metals markets and a good bounce in the U.S. dollar index Friday are weighing on the precious metals markets.

Gold prices are presently headed for a very technically bearish weekly and monthly low close on this last trading day of the week and of the month. April gold futures were last down $14.60 at $1,760.60 and March Comex silver was last down $0.782 at $26.855 an ounce.

https://www.kitco.com/news/2021-02-26/Gold-price-slumps-to-8-mo-low-on-rising-bond-yields-bounce-in-USDX.html

Is the smackdown of Gold (and Silver) prices directly related to the Feb 24th crash of the Fed's interbank payment system?

In less than two trading days, spot gold prices have tumbled from $1800/oz to $1727/oz. Can any "intelligent" financial pundit explain why, given present fundamentals, that the US Dollar Index has risen in relation to the basket of global currencies, and why such a minuscule increase in that index would trigger a sharp crash in the precious metals market?

Hogwash, you say? Can you spell and say p r i c e m a n i p u l a t i o n?

I wonder if a member of the banking syndicate (or China, perhaps) needed to get their hands on hundreds of billions of dollars immediately, so they chose to sell a huge number of paper gold contracts? -NW

#KITCO: Gold price slumps to 8-mo. low on rising bond yields, bounce in USDX A more current price reading than what is shown on the chart below is: Gold: 1727.90 -42.20▼ | Silver: 26.33 -1.09▼ https://www.ino.com/ http://www.rumormillnews.com/pix/20210226-spot-gold-chart.png [snip] (Kitco News) - Gold futures prices are solidly lower again in early U.S. trading Friday and hit an eight-month low. Rising government bond yields that are at least short-term bearish for the precious metals markets and a good bounce in the U.S. dollar index Friday are weighing on the precious metals markets. Gold prices are presently headed for a very technically bearish weekly and monthly low close on this last trading day of the week and of the month. April gold futures were last down $14.60 at $1,760.60 and March Comex silver was last down $0.782 at $26.855 an ounce. https://www.kitco.com/news/2021-02-26/Gold-price-slumps-to-8-mo-low-on-rising-bond-yields-bounce-in-USDX.html ----- #Is the smackdown of Gold (and Silver) prices directly related to the Feb 24th crash of the Fed's interbank payment system? In less than two trading days, spot gold prices have tumbled from $1800/oz to $1727/oz. Can any "intelligent" financial pundit explain why, given present fundamentals, that the US Dollar Index has risen in relation to the basket of global currencies, and why such a minuscule increase in that index would trigger a sharp crash in the precious metals market? Hogwash, you say? Can you spell and say p r i c e **m a n i p u l a t i o n?** I wonder if a member of the banking syndicate (or China, perhaps) needed to get their hands on hundreds of billions of dollars immediately, so they chose to sell a huge number of paper gold contracts? -NW

(post is archived)

[–] [deleted] • 1 pt

You were born with nothing and you will die with nothing, which means you are offered to use everything, but not to claim anything. You don't accumulate knowledge; you comprehend more of what's already possible. This system is based on energy, and all possible information already exists within that energy (potentiality), within which you are a temporary potential lacking comprehension.

[–] • 1 pt

Hey, what are you doing Saturday night? Committing Suicide???

[–] [deleted] • 1 pt

YOU are the sole authority over YOUR actions, and only nature has the sole authority to pass judgment over the consequences of all actions, which is what creates the constant circumstances; the constant change, our survival instinct demands us to constantly adapt to.

[+] [deleted] • -2 pt
[–] • 1 pt

steady as she goes! nothing to worry about. the gold and silver price will explode when the banks are done manipulating the price. they have to keep the price down, or they go BK in 3-2-1-BOOM. if you can buy coins, buy buy buy. by summer you will not regret it!

[–] • 0 pt

No gold and silver are going lower because I bought a good amount if I sold it all tommorrow you would see the most insane rise in gold and silver prices ever. I bet 3k on Trump winning and he did but I lost my bet because global communist and our media and tech industries stole the election... want to make money?

Follow me see what I bet or buy and do the oppisite.