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Alasdair Macleod: Bullion banks' new push against gold is likely to fail just as last one did
By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Friday, November 13, 2020
Gold and silver prices were smashed last Monday, when it was announced that Pfizer had produced a drug that was 90% successful in treating covid-19.
Wall Street soared with the Dow up 1,500 points at the opening, and the dollar's trade-weighted index rose by about 0.7%. The logic behind it all was tortuous, to say the least.
... Dispatch continues below ...
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On the week, gold fell $71 from last Friday's close to trade at $1,880 in European morning trade today, and silver fell $1.27 to $24.33 over the same time frame. Except on Monday when the excitement happened, volumes were otherwise subdued.
There can be little reason for both metal prices being knocked so hard other than the vested interests of the bullion banks. ...
... For the remainder of the report:
https://www.goldmoney.com/research/market-updates/market-report-bullion-...
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