Insiders selling gold ahead of the NFP?
Notice how the price of gold on COMEX sold off as the market opened at 8am, 30 minutes before the NFP report. To me, it's clear that insiders had private information and acted on it.
Notice how the price of gold on COMEX sold off as the market opened at 8am, 30 minutes before the NFP report. To me, it's clear that insiders had private information and acted on it.
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2 comments
I've always suspected that the price of gold was manipulated, but that's further confirmation. Thanks for sharing.
Hi @pipscalc, it's because news came out of China that the Chinese government didn't buy any gold in May. Here's the link to a news story: https://www.bloomberg.com/news/articles/2024-06-07/gold-slumps-as-china-s-central-bank-halts-18-month-buying-spree