POG plunged
Big fall in the POG in New York on Friday. That usually means a central bank has sold a large amount of gold. Usually, it springs back as there is still a huge demand in China for the yellow metal. But who knows?!
For the price to plunge, it isn't a matter of supply-demand balance; it is due to a desperate big seller or lots of speculators acting under one umbrella.
I am not selling...
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