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Gold Update: The Bloodbath Begins

Right at the open, about 20,000 contracts were dumped on the gold market. There is no way that it was a natural trading event, on a Sunday evening in a summer illiquid market. Outside of currencies, metals are the most manipulated markets on this planet.

If the selling panic doesn't materialize from this price attack, the cartel is in extreme risk of being caught in a short squeeze. They need to create the selling panic for volumes to come in but sometimes it does not work...


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