Gold and silver prices plunge after Donald Trump's address to the nation
Gold fell 10% after Trump's address, but still stands at $4,640. Correction or manipulation? An analysis of the data and the opposing views.
English · Original discussion in Spanish · Published
Gold crash? What the numbers hide behind Trump's address
Gold fell 10% after Trump's address, but it still stands at $4,640 an ounce. Silver is at $71. For anyone who bought a year ago, it's still up 300%. The "crash" headline is, at the very least, an exaggeration.
The correction nobody wants to sell
Since February's all-time highs, the metals have corrected. But a 10% drop after a 300% rally is more of a breather than a crash. Those who got in in November, however, are in the red. The question is whether this is a healthy correction or the start of something worse.
Manipulation or business as usual
One line of analysis suggests Trump's address was used to move the market. "Trump it and dump it," they say. The spike in volatility and the suspicious moves right after the address fuel insider trading suspicions. But others point out that oil rising to $109 after the same address contradicts the idea that it's all manipulation.
Prophecies and panic
Some recall the prophecies of David Wilkerson, who warned that gold would be a trap. But there are also those who trust that the metals will keep rising as fiat money is devalued by printing for war.
The conclusion, for now, is that the metals have not crashed. Those who bought months ago are still winning. Those who got in yesterday are nervous. The market, as always, makes its move.
Related debates in the forum
Gold fell 10% after Trump's address, but it still stands at $4,640 an ounce. Silver is at $71. For anyone who bought a year ago, it's still up 300%. The "crash" headline is, at the very least, an exaggeration.
The correction nobody wants to sell
Since February's all-time highs, the metals have corrected. But a 10% drop after a 300% rally is more of a breather than a crash. Those who got in in November, however, are in the red. The question is whether this is a healthy correction or the start of something worse.
Manipulation or business as usual
One line of analysis suggests Trump's address was used to move the market. "Trump it and dump it," they say. The spike in volatility and the suspicious moves right after the address fuel insider trading suspicions. But others point out that oil rising to $109 after the same address contradicts the idea that it's all manipulation.
Prophecies and panic
Some recall the prophecies of David Wilkerson, who warned that gold would be a trap. But there are also those who trust that the metals will keep rising as fiat money is devalued by printing for war.
The conclusion, for now, is that the metals have not crashed. Those who bought months ago are still winning. Those who got in yesterday are nervous. The market, as always, makes its move.
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (38 replies).
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