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Why is gold plummeting tonight???? PANIC!!!!

 
Keilani

User ID: 80358879
United States
08/08/2021 08:21 PM

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Why is gold plummeting tonight???? PANIC!!!!
Seriously guys, what's up? This makes no sense.

Almost down 50 bucks already on a Sunday night.

[link to www.kitco.com (secure)]
TXGLP2

User ID: 80129212
United States
08/08/2021 08:30 PM

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Re: Why is gold plummeting tonight???? PANIC!!!!
Watching. Wow!
Anonymous Coward
User ID: 80718717
Canada
08/08/2021 08:32 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
It just bounce back right up.
Anonymous Coward
User ID: 80131294
United States
08/08/2021 08:33 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
It is manipulated, so that must mean that elite want to buy!
Anonymous Coward
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United States
08/08/2021 08:33 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
It is manipulated, so that must mean that elite want to buy!
 Quoting: Anonymous Coward 80131294


They want to buy low before it shoots back up.

Iran?
Anonymous Coward
User ID: 80715672
United States
08/08/2021 08:34 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
It is manipulated, so that must mean that elite want to buy!
 Quoting: Anonymous Coward 80131294


this

they wants their precious
Paxdragon

User ID: 77815352
United States
08/08/2021 08:34 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
Once we have hyperinflation owning gold will be illegal. I think top people are working on it as we speak
Paxdragon
Anonymous Coward
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08/08/2021 08:35 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
markets go up and down noob.
Anonymous Coward
User ID: 72702788
United States
08/08/2021 08:38 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
Don't waste your time looking at it.

In the end paper will burn to ashes, silver will melt in a furnace, but it will always be silver.
Anonymous Coward
User ID: 78452921
United States
08/08/2021 08:39 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
They short sell paper gold to manipulate the price down then buy physical with both fists.

Happens all the time.

- MC
G3

User ID: 80251587
United States
08/08/2021 08:41 PM

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Re: Why is gold plummeting tonight???? PANIC!!!!
Seriously guys, what's up? This makes no sense.

Almost down 50 bucks already on a Sunday night.

[link to www.kitco.com (secure)]
 Quoting: Keilani


This week marks the 50th anniversary of Nixon ending dollar convertibility

Google:

This year marks the 50th anniversary of the end of the gold standard in the U.S. In August 1971, President Richard Nixon formally unpegged the U.S. dollar from gold, meaning the greenback was no longer convertible into bullion.


flyingbirds

jumper2
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United States
08/08/2021 08:41 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
Seriously guys, what's up? This makes no sense.

Almost down 50 bucks already on a Sunday night.

[link to www.kitco.com (secure)]
 Quoting: Keilani


paper market shenanigans. They can force the paper price to near zero, but if you don't hold it, you don't own it. Heads up for potential economic or kinetic false flag this week, somethings fucky.
Anonymous Coward
User ID: 63163043
New Zealand
08/08/2021 08:42 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
maybe cos china took so many gold medals?
Anonymous Coward
User ID: 78832087
Canada
08/08/2021 08:42 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
Once we have hyperinflation owning gold will be illegal. I think top people are working on it as we speak
 Quoting: Paxdragon


Cool prediction, bro.
Anonymous Coward
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08/08/2021 08:43 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit


[link to www.zerohedge.com (secure)]


In the liquidity 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 pries plunging to as low as $1,677.0 or almost $100 lower from the Friday close of $1,761.50.



Idol1burnitagent
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08/08/2021 08:45 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
The gold found in the DUMBs near the Vatican are being slowly introduced into the market.
Anonymous Coward
User ID: 80293826
United States
08/08/2021 08:45 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
Year to day gold -15.31%

Year to day silver -16.58%
JF Priest

User ID: 47017325
United States
08/08/2021 08:46 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
Alt coins diving too
It Only Hurts If You Care...
REaliZe

User ID: 68033157
United States
08/08/2021 08:46 PM

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Re: Why is gold plummeting tonight???? PANIC!!!!
Seriously guys, what's up? This makes no sense.

Almost down 50 bucks already on a Sunday night.

[link to www.kitco.com (secure)]
 Quoting: Keilani


This week marks the 50th anniversary of Nixon ending dollar convertibility

Google:

This year marks the 50th anniversary of the end of the gold standard in the U.S. In August 1971, President Richard Nixon formally unpegged the U.S. dollar from gold, meaning the greenback was no longer convertible into bullion.


flyingbirds

jumper2
 Quoting: G3


MBH-ICpotential
There's. A. H0le. In. The. Sky.
Broose
Beach

User ID: 72427604
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08/08/2021 08:48 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
Unloading ETF's.
Anonymous Coward
User ID: 80358907
United States
08/08/2021 08:55 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
Seriously guys, what's up? This makes no sense.

Almost down 50 bucks already on a Sunday night.

[link to www.kitco.com (secure)]
 Quoting: Keilani


Relax.

This is the only tool the Federal Reserve has in their tool box that they always brag about.
They manipulate gold in the face of massive inflation because they have no tools to fight inflation.
They are completely impotent to fight inflation.
The most they can do is manipulate inflation indicator (gold) paper price down.

They did the exact same thing during gold all time high back in 2012.

They try to drag things out as long as possible praying to satan that things will somehow fix themselves
Oxidizer

User ID: 65162352
United States
08/08/2021 09:03 PM

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Re: Why is gold plummeting tonight???? PANIC!!!!
Where we are heading, nothing will have value…

Except cigarettes.
darylandcat.com
Keilani  (OP)

User ID: 80358879
United States
08/08/2021 09:06 PM

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Re: Why is gold plummeting tonight???? PANIC!!!!
Watching. Wow!
 Quoting: TXGLP2


Scary if you have gold stocks.
Keilani  (OP)

User ID: 80358879
United States
08/08/2021 09:07 PM

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Re: Why is gold plummeting tonight???? PANIC!!!!
Where we are heading, nothing will have value…

Except cigarettes.
 Quoting: Oxidizer


Something always has values, it's always shifting somewhere.

I do hope housing plummets though, could really use a good deal.
Keilani  (OP)

User ID: 80358879
United States
08/08/2021 09:07 PM

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Re: Why is gold plummeting tonight???? PANIC!!!!
Seriously guys, what's up? This makes no sense.

Almost down 50 bucks already on a Sunday night.

[link to www.kitco.com (secure)]
 Quoting: Keilani


Relax.

This is the only tool the Federal Reserve has in their tool box that they always brag about.
They manipulate gold in the face of massive inflation because they have no tools to fight inflation.
They are completely impotent to fight inflation.
The most they can do is manipulate inflation indicator (gold) paper price down.

They did the exact same thing during gold all time high back in 2012.

They try to drag things out as long as possible praying to satan that things will somehow fix themselves
 Quoting: Anonymous Coward 80358907


Are you saying this is a head fake and will see a pop?
Anonymous Coward
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08/08/2021 09:07 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
Where we are heading, nothing will have value…

Except cigarettes.
 Quoting: Oxidizer


luckysmoking1
Keilani  (OP)

User ID: 80358879
United States
08/08/2021 09:08 PM

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Re: Why is gold plummeting tonight???? PANIC!!!!
Unloading ETF's.
 Quoting: Broose


Why though?
Keilani  (OP)

User ID: 80358879
United States
08/08/2021 09:11 PM

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Re: Why is gold plummeting tonight???? PANIC!!!!
Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit


[link to www.zerohedge.com (secure)]


In the liquidity 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 pries plunging to as low as $1,677.0 or almost $100 lower from the Friday close of $1,761.50.



Idol1burnitagent
 Quoting: Anonymous Coward 80719569


Are they trying to lower the price of gold before a currency reset, so that way they can peg to gold at a cheaper price???
Keilani  (OP)

User ID: 80358879
United States
08/08/2021 09:13 PM

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Re: Why is gold plummeting tonight???? PANIC!!!!
Seriously guys, what's up? This makes no sense.

Almost down 50 bucks already on a Sunday night.

[link to www.kitco.com (secure)]
 Quoting: Keilani


paper market shenanigans. They can force the paper price to near zero, but if you don't hold it, you don't own it. Heads up for potential economic or kinetic false flag this week, somethings fucky.
 Quoting: Anonymous Coward 71080834


War?
Anonymous Coward
User ID: 78452921
United States
08/08/2021 09:14 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
Unloading ETF's.
 Quoting: Broose


Why though?
 Quoting: Keilani


They want to buy physical gold...and lots of it...so they smash the price down before they make the purchase.
Anonymous Coward
User ID: 80696733
United Kingdom
08/08/2021 09:14 PM
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Re: Why is gold plummeting tonight???? PANIC!!!!
Seriously guys, what's up? This makes no sense.

Almost down 50 bucks already on a Sunday night.

[link to www.kitco.com (secure)]
 Quoting: Keilani


paper market shenanigans. They can force the paper price to near zero, but if you don't hold it, you don't own it. Heads up for potential economic or kinetic false flag this week, somethings fucky.
 Quoting: Anonymous Coward 71080834


War?
 Quoting: Keilani


something incoming this week.





GLP