No rebound today. Stocks turning sharply lower again...

in #stock11 months ago (edited)

Edit at 2:00PM Nyc time -
Stocks down even more now. Dollar down but metals getting hit also. Likely just a correction in metals plus leveraged brokers might be forced to cover margin calls And sell paper metal positions to do so.


Below you can see Gold lost some of yesterday’s gains but still holding approx $1650 and now a few dollars higher even....



Trying to figure out why the PMs sold off too......yesterday, a 1430 sell-off of gold, followed by silver......1430 is the time of margin calls inter-day, could be a good indicator of todays's sell-off. WIl this be the same as 2008-09.