Why Gold Is Not Freely Priced
By GCRU Gold News on Tuesday, June 30 2015, 23:45 - Permalink
Here's a good example of why gold is not trading freely in today's markets.
In the last week there's been the fear of the Greek default & the chaos of global banking.
Bitcoin has reflected the surge in interest in safe haven status.
Yet gold has not been allowed the same freedom.
We've seen this before between these two metrics when global financial markets are weak & under attack.
From being a constant watcher of gold's movements tick by tick (with live intraday screens of gold running 24/6 next to me) it's obvious that gold's price action is being contained.
Every time there's a surge in price under volume you see the counter move quickly processed whereby the price is pushed back again.
Normal price structure is being controlled surupticiously on the side by deep pockets.