Gold and Silver Crash: A Coordinated Sell-Off, Not Profit Takin
g
On Friday we had a huge sell-off in gold and silver.
I have shared my opinion many times that these instruments are highly manipulated and it became obvious now because we had nothing to explain why they went down.
Obviously this drop of -39.70% in silver and -17% in gold in a few hours was never a profit.
1Even if you read that this happened because Kevin Warsh is going to be the next Fed Chartist, it is simply a big lie. Trump chose as the next Fed Chair a person who will be loyal to him. All this makes no sense.
2Second, the market in general does not react this way just because the Fed Chair was elected. I can't imagine how many people believe in such things.
3Third, It was not Kevin Warsh as the new Fed Chairman because the US dollar barely moved on Friday. Another topic you can think about. However, he is not more important than the geopolitical mess that Trump is creating. Kevin will not save the financial system, please
This was a well-coordinated sell-off by the same institutions that created the bullish wave. They are the only ones who started this kind of sell-off. Retail traders are just small fish in a fishbowl.
In fact, tomorrow the price could rise aggressively if whoever sold buys again or will buy. If the price holds in the current area, it could be dangerous because whoever created this mess may have plans to start another sell-off.
They will buy the market again, but after they have taken all these profits from the market and after you have burned your accounts.
PS: So please be careful and better avoid trading gold and silver.
Gold and silver have nothing to show from a technical perspective
You may find more details in the chart.
Thank you and go