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Dave Kranzler: Fake news engulfs the gold and silver markets
By Dave Kranzler
Investment Research Dynamics, Denver
Friday, November 27, 2020
The gold price was given a a quick $35 ride on the down-elevator today starting at 7:40 a.m ET. There were no news items or events that occurred that would have triggered the price hit.
More likely the Comex banks implemented another Comex open-interest liquidation operation targeting the remaining 45,000+ longs in the December contract in an effort to get the December gold contract open interest as low as possible ahead the December 1 notice period, which begins this afternoon. ...
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