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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Will the U.S. be able to dominate the gold price both ways?

Posted on 21 June 2013

In April the gold price buckled and fell $330, $200 of which took only two days. It was a well-engineered bear raid, initiated by over 400 tonnes of ‘short’ positions on the COMEX futures and options market.
But the futures and options market is not likely to cause the price of gold to fall as only 5% of that market involves the physical delivery of gold and then only after the counterparty has been put on notice that physical delivery of gold is required………………………………………..Full Article: Source

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VRS - who has written 39533 posts on Opalesque Commodities Briefing.


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