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?
they buy at market price towards the end of the day ... then sell it below market pre-open to drive the price down. they don’t care about the loss.
as for how they know bad news is about to hit... they are in the know. we aren’t.