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.
Brokerpedia is a trademark of Media Vest FZ-LLC, a company incorporated in the United Arab Emirates with license number 101647. Information published on this website is not directed at residents of the United Arab Emirates and is not intended for use by any person in any jurisdiction where such use would be contrary to local law or regulation.
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