so, what happened to the pm prices? nuclear war?

[chad]

gold down $32.70, palladium down $20, platinum down $30? silver is always down, so that one doesn't count. what the hell is happening?

[chad]

oh, ffs, somebody sold HALF A BILLION worth of futures contracts in one trade.

http://www.zerohedge.com/news/2014-04-15/gold-futures-halted-again-latest-furious-slamdown

[mamboni]

Total manipulation. The metal prices are being managed, pure and simple. This game will continue until the vaults in the West are emptied and the Chinese announce a petro-yuan partly backed by gold and silver. Then the dollar dies and gold and silver will soar in dollar price. This is coming within a year or two IMHO.

[lapis]

Didn't this happen last year in April (tax time)? I swear it's another way of squeezing people who will have to sell PMs in order to pay their taxes.

[osoab]

Oil ain't moving lower. Something smells fishy.

[madfranks]

Didn't this happen last year in April (tax time)? I swear it's another way of squeezing people who will have to sell PMs in order to pay their taxes.

Someone speculated the reason for the downtuwn in the stock market last week was the same thing, people having to sell to pay taxes.

[Neuro]

oh, ffs, somebody sold HALF A BILLION worth of futures contracts in one trade.

http://www.zerohedge.com/news/2014-04-15/gold-futures-halted-again-latest-furious-slamdown
Good! So no manipulation then? [sarc]

[madfranks]

I love this comment from the Zero Hedge article:


is there no way to find out who this is?


Sure they can... the dorkfuck that is making 80k a year files a report on who and sticks it in a file to send to someone else to find out why. In about 3-4 years they will knock on someones office and say why did you do thta, and hey will respond I have no idea. and case closed. Your tax dollars at work.

[mick silver]

http://www.thedailybell.com/images/library/cagedfree.jpg