Curious goings-on in the gold (and silver) market
There seems to be a major seller of gold and silver out there who doesn't care how its massive sales move the market - but there is also a corresponding major buyer (China?)
Posted: Saturday , 05 May 2012
BALTIMORE (The Daily Reckoning) -
Someone is selling gold in size...Someone is buying in size. That's what makes markets, as the saying goes. But that's also what makes market manipulations, according to the bloggers at Zero Hedge.
The seller in this case is very large and very sloppy, perhaps intentionally so. The buyer is also very large, but very patient and methodical. Trapped between these two powerful opposing market participants we find a "range-bound" gold market. Let's take a closer peek at the curious goings-on...
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