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A Predictable Gold Price Attack – Now What?

by irdadmin | Jul 5, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy

Today’s attack on gold and silver was one of the most predictable in my 18 years of involvement in the precious metals sector. On Wednesday just before the close of the NYSE, I loaded up at-the-money puts on NUGT that expire today. I sold them right after the...

Gold: BOOM Goes The Dynamite

by irdadmin | Jun 29, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy

After dancing around the $1350 level (August futures basis) the price of gold launched in three stages after the FOMC circus was over on June 19th. The first move enabled gold to break above and hold the $1360 area of resistance that has been referenced ad nauseum for...

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