Thursday, 8 August 2019

So THAT'S What Happened Overnight................from Rico

Eureeka! I had 'wondered' what happened that had such an impact on the overnight 'spot' prices of Gold and Silver (other than the BIS/Gold Banks pushing the prices around the plate like cold rutabaga's to 'manage' the price).
 
It was Central Banks trying to front-run the FED cutting interest rates an debauching their currencies. To be precise:
- China
- New Zealand
- India
- Thailand
 
Not the best of times to be 'long' FIAT and 'short' GOLD [read: the wrong side of the trade].
 
Brace-brace-brace!
- The ride's not over yet...



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