Loading ...Maybe the gamblers playing in the Gold futures market, on big margin, went long on gold too late, and at too high prices, and are just naturally panicking out, in a hurry selling paper, exaggerating the down move.
Re the regular stocks? Maybe the same thing, over confident gambler, shorters came in too late and too high and are ALSO panicking out or cashing out, (buying to cover) in a big hurry. Lock in profit or cutting loss most likely imo.
They say gamblers have a subconscious desire to lose. (buy high and sell lower) That’s why when they WIN? They keep right on playing until they “succeed” and lose money. I read the desire to lose starts at about three years old.