Isn't Gold's Price Movement Interesting?

jmski52

Isn't it weird how the price of gold can drop precipitously for a day or two - with no news forthcoming which would affect it?

And then, a day or two later - the price of gold starts to recover and come back - again, for no particular reason?

It truly seems that there is no middle ground between conspiracy theory nutcases and the lying, low-down, cheatin' scumbags that infest the banking system and Congress.

It's a shame, really.

notwilight

There are billions of dollars of gold trading hands every day. it just depends on whether the sellers or buyers are in control. The volatility is much higher than it has been in the past so it looks different. --Jerry

FLBuffaloHunter

No conspiracies are involved, just fast-paced speculation.

RedTiger

Gold is mostly tracking oil, again, oil is the dog, gold is the tail in this market. In my opinion, oil is the better play at the moment, and has been most of this year, though it remains a high risk time for longs or shorts. There were bits of news in oil to account for the movements.

Options are soon to start trading on GLD. I expect a bumper crop of stories about the GLD options from the newsletters.

/edit typos

roadrunner

Conspiracies = manipulation........and not far from those 2 words are bankers and the FED.

Oil vs gold ratio has gotten way out of whack as of late. Gold is far more underpriced compared to oil and will recovery that over 2008.

I found it very comical that our congressman are getting ready to initiate legislation to study the possible manipulation of oil prices and the hurt it is causing J6P. They need only look at themselves and the uncontrolled spending and 17% yoy increase in fiat dollars to see who is at fault. Ironically you don't see them even giving a hoot about the crazy swings in gold prices. Why is that gold gets knocked down every time the FED chairman or President speaks on a major economic platform? Yup....manipulation to make the dollar strong that day and metals weak. But no surprise. The stock and bond markets are heavily manipulated while there wouldn't even be a gold market without all the manipulations. No one would bother to play if it behaved like the coin market.

roadrunner