Loading ...This is exactly like 2008-09’
Shares get absolutely crushed, now we’re even seeing the “liquidity” rush come in and sell GLD. I guess to meet margin calls.
Meanwhile physical gold around the world is flying of the shelves, but that doesn’t matter to a market that is controlled by paper and probably always will be.
The Fed will arrive shortly then we’ll see how pm’s react but $3K, much less $10K is pure fantasy in my lifetime.