This look familiar, but the worst is yet to come.
Donald Trump twits he tested positive covid-19 on 2nd Oct (Friday).
Presidential election on 3rd Nov.
The gold price is crashing and did not response as hedging assets against stocks at all as what all old man told us.
This is weird, actually nothing is weird when gold is actually exist more in ETF or paper.
Liquidation of paper will come first when stocks is in selling off.
This results the spot price or future price of gold fall instead.
Donald Trump twits he tested positive covid-19 on 2nd Oct (Friday).
Presidential election on 3rd Nov.
The gold price is crashing and did not response as hedging assets against stocks at all as what all old man told us.
This is weird, actually nothing is weird when gold is actually exist more in ETF or paper.
Liquidation of paper will come first when stocks is in selling off.
This results the spot price or future price of gold fall instead.