Lots of Rules Changes Needed: Gold Prices Capped Around $1700…For Now

A lot of paper price manipulation and rules changes have occurred in the last 8-9 weeks to prevent gold prices for going above $1800…

by Jason Burack of Wall St For Main St

Jason talks about Stephanie Pomboy of Macro Mavens wondering recently why gold prices are are not well above $1700/oz given the current state of the global economy and the policy responses by central banks & governments?

The answer why is that a lot of paper price manipulation and rules changes have occurred in the last 8-9 weeks since the last week of March 2020 to prevent gold prices for going above $1800.

Some of these rules changes include multi0ple changes of the margin requires for being long gold futures contracts and also what types of gold bars are even allowed to be delivered.

FULL SHOW NOTES AND LINKS HERE

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