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IPMI and Industry News: Industry News Archive

Sharps Pixley Gold Market Analysis

Monday, July 24, 2017  
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LAWRIE WILLIAMS: Dollar and equities down, gold up: Is another flash crash coming?

The last time gold was at current levels it was rapidly brought down a peg by a huge paper gold sale - 56 tonnes in a minute!  Some observers put this down to a mistake by a fat finger trader who mistakenly may have sold 18,149 lots instead of 18,149 ounces, but cynics, of which the writer is one, put a rather more sinister interpretation on the event as being a bullion-bank financed move to drive the gold price downwards. - Sharps Pixley 07/24/2017

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