Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit

Zubu Brothers ^ | 8-8-21 | Zubu Brothers

[dynachrome]

In the volume void that follows the resumption of futures trading, and which saw US futures trade modestly lower, a sudden burst of selling in the gold futures contract sent Gold futures plunged as low as $1,677.0 or almost $100 lower from the Friday close of $1,761.50.

Together with Friday’s post-payroll plunge, this has been the biggest 2-day drop in gold (in dollar terms) since the March 2020 crash.

[dynachrome]

They sell but, are the buyers taking delivery? Or paper like you say.

[Diogenesis]

[Eagles6]

I've had good luck on Ebay, both gold and silver, buying and selling.

If buying, make sure to go with a trusted US seller with 99.5%+ positive rating.

Aydin coins, Vieira coin, Liberty.coin, coinmart, etc.

[dynachrome]

Down again.

Try kitco.com

[Leaning Right]

> Infusing it with tungsten? <

The Chinese have an entire fake gold bar industry. Gold is on the outside, tungsten is on the inside. So, yeah. The Chinese are playing the world for suckers in more ways than one.

[algore]

I watched that happen, kitco was not refreshing.

it is back now, but all pmg are still way down.

[EvilCapitalist]

I’ve bought from JM Bullion and had good results.

[Oatka]

“Any gold or silver people here offer advice to where to go about purchasing?”

Try here: https://findbullionprices.com/

Don’t plunge in - make small buys every so often as your finances allow. I know it is easier said than done, but get out of debt as much as possiblle, start storing up canned goods and check out some prepper websites.

The drunks are in charge of the liquor store and they will destroy the currency/economy before they sober up.

[ArizonaJacks]

Thanks to all for suggestions.

[blam]

"Your thoughts?"

Sorry, I haven't been keeping track...don't know.

[dynachrome]

Eh, gold has recovered 3/4 already.

[montag813]

Crude also re-testing the prior July lows of 65-66, down $8 is less than a week.

[montag813]

Does the "infrustrature" bill have anything to do with this?

There are apparently some very devious sections that have huge impacts on the financial system, crypto, etc.

[bunkerhill7]

Feather River

[RetiredTexasVet]

Probably paper gold .... some are probably bailing out.

[blam]

Futures Fall, Cryptos Soar And Commodities Tumble On Delta, Taper Expectations

"S&P futures fell (although Nasdaq futs rose) and commodities – especially gold and oil – tumbled as investors fretted over concerns about stimulus tapering and a resurgence in the fast-spreading delta virus variant. Yields dropped tumbled and the dollar steadied. S&P 500 E-minis were down 6.25 points, or 0.14%, Dow E-minis were down 112 points, or 0.32%, while Nasdaq 100 E-minis were up 22.5 points, or 0.15%."

[Jim Noble]

Does anybody really think that the international banks will allow cryptocurrency to survive as any form of monetary standard?

I absolutely do not.

[bert]

I have silver casting grain I bought at $4 so over the long haul......go for it

[dfwgator]

[dynachrome]

Maybe everything will flash crash. Wheeeeeeeee.