when gold goes up... the dollar goes down
when they know the dollar is going to take a hit, they buy gold at the end of the day (NY) and dump it the next morning, pre-open, for a major loss (they don't care as it's phoney money they just printed). this helps offset any bad news
they figure a 3-4% swing is normal and if they can push gold down 3% it'll about even out the next day.
Buying gold makes it go up, selling gold makes it go down. Don't see the benefit.
when they know the dollar is going to take a hit,
How do they know that?
they figure a 3-4% swing is normal
You think a 3-4% swing in gold is normal?
and if they can push gold down 3%
How does buying today and selling tomorrow give you a 3% drop in gold?