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.

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

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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.