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12,000 Gold Contract Dump

1/8/2021

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Gold and silver came under attack this morning at 3:00 when the bullion bankers dumped 13,000 gold contracts.  Fortunately we had tightened up stops just a few hours ahead of this.  The one minute chart below shows how this looked while you were sleeping.
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Manipulation in the gold market just goes with the territory.   This does not change our plan.  It just means that the drop into a DCL is happening now and we will have an opportunity soon to take re-ownership at a lower price.
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Steve Wade and Tyler Wade of Wade Assurance are associated persons for AgDairy LLC.

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The risk of loss in trading commodity futures contracts can be substantial.  You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

Wade Assurance is an equal opportunity insurance provider.
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  • Home
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