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Title: "The Gold Market Is Breaking Down": Gold Spreads Explode As LBMA Warns Of Liquidity Problems
Source: [None]
URL Source: https://www.zerohedge.com/commoditi ... -lbma-warns-liquidity-problems
Published: Mar 24, 2020
Author: Tyler Durden
Post Date: 2020-03-24 20:35:43 by Horse
Keywords: None
Views: 33
Comments: 1

I’ve never seen that before"... "There is no price discovery in the market right now."

Last night, when observing the unprecedented "gold run" on precious metals dealers which has left all gold vendors with little to no physical gold, we said that "the price of physical gold has decoupled from paper gold" as a result of paper gold liquidations as leveraged funds scramble to cover margin calls using safe assets...


Poster Comment:

BEST NEWS ALL DAY. Ding Dong! The witch is dying. (Not dead yet.)

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#1. To: Horse (#0)

Paper gold is trying to catch up, currently up about $150 from the lows of the past few days.

Pinguinite  posted on  2020-03-24   22:52:22 ET  Reply   Trace   Private Reply  


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