Close Menu
    Wall Street

    Markets down, rates will be cut, the president may not run again & his opponent nearly got assassinated, huge IT outages, yet gold is down?

    Any one of these would usually see a small spike in gold, all happening in the same week should have seen some action, what's going on?

    I've believed for a long time the paper silver & gold market is manipulated and I think we're seeing it in action

    Markets down, rates will be cut, the president may not run again & his opponent nearly got assassinated, huge IT outages, yet gold is down?
    byu/potahtopotarto inwallstreetbets



    Posted by potahtopotarto

    View 49 Comments

    49 Comments

    1. foshizin on

      You need to understand you’re not looking at a normal market, this market is the product of a ridiculously deregulated and rabid banking system. It’s not supposed to make sense.

    2. Savings-Act8 on

      I’m here for one reason and one reason alone. I’m here to guess what the music might do a week, a month, a year from now. That’s it. Nothing more. And standing here tonight, I’m afraid that I don’t hear – a – thing. Just… silence.

    6. SunScope on

      It’s a game. Whenever you think it should make sense, it won’t. Be ahead of the curve not part of it.

    11. shane_sp on

      It seems like it’s all but announced that Biden is going to step back from the race? What the experts say? Is it already priced in?

    16. Vegan_Honk on

      Gold was always a trap you fuckin idiots. It’s precious so that’s why it’s put in so many goddamn chips but if people have no money, then you will rapidly understand how certain things are a luxury.

    17. Vaideplm84 on

      Gold is down? Zoom out, just the other day it reached the ATH, as in all time, a 3% drop is not down, might be a bit of correction, but certainly not down.

    21. MrWhiteKnight777 on

      Something fishy is going on… who remembers 08 when all the banks had a similiar issue like today?

    24. Powderfinger60 on

      Market climbs a wall of worry. When the news changes from gloomy to bright & cheery take profits

    25. robunuske on

      Good numbers on CPI last week though.

      DXY is the safe Haven now. Hahahahahahha. Kidding aside it’s just sweeping liquidity before mooning.

    26. Tall-Razzmatazz9447 on

      Talking about gold like it’s the Middle Ages ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)

    29. coriolis7 on

      Because gold’s only purposes are to fool old people in to buying gaudy jewelry, make the pawn brokers who buy the gaudy jewelry for half spot value a ton of money, and to take your money in investments.

      Multiverse theory is real. A new timeline is not created every time someone makes any decision, only when a person decides to buy or sell gold. If you decide to buy gold, it’ll drop. If you decide to sell gold you bought a while ago, it’ll go up right after you sell it.

      Gold’s price doesn’t depend on panic, it changes depending on how likely you are to buy or sell it.

    38. Which_Experience3626 on

      Gold doesn’t work any more. Everyone will just take the pain and buy the dip hoping for stimmys from Uncle Sam

    40. ordle on

      Gold is the most manipulated commodity there is. It’s been that way for many years.

    42. Six1Cynic on

      Gold as an investment is pointless. Especially if you’re not holding it physically. Not a reliable inflation or crisis hedge. Market likely manipulated to fuck. And has zero expected return because it’s mostly bullshit doomer speculation. If shit really hits the fan you want canned food and ammo not electronic gold IOUs.

    44. Dr-McLuvin on

      I kind of think Bitcoin has replaced gold as the de facto “I think the world might collapse” defensive play.

      It’s up almost 16% this week as of this writing.

    Leave A Reply
    Share via