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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

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[–] [deleted] • 0 pt

Nature is the free teacher of all knowledge, and that everyone who gate-keeps knowledge acts out of selfish interests, and to the detriment of all. If someone wants you to comply to a human to receive comprehension about knowledge originating from nature, then you're being offered a contract that gives others control over you

[–] [deleted] • 0 pt

You're being indoctrinated to use numbers to justify loss and fear. The reason they propagandize to you about millions, billions, trillions, about being surrounded by infinite blackness, how this world is millions of years old, how you're trillions in debt; how that which threatens you existence is so small that you can't even see it; is because to hold control of power; they need to make you ignore what you are capable of. YOU were given the liberty of freedom of choice to use everything this ecosystem has to offer to create within it, and they don't want us to comprehend that we all share the free energy of all. This is a self sustaining closed ecosystem and everything within is infinite for those within, because the outside defines the barriers for an inside. We cannot destroy it from the inside; we can only selfishly ignore the rules of this system, while holding us all back from reaching potential through unity.

The only number that exists is ONE; which represents ALL. The denominations you're counting; the math you're using should make you (the ONE) understand your place within the ALL, but instead it is being used to distract you from understanding it, because you use it to justify loss and fear.