George Gero
George Gero
below class funds general large metals orders selling touched
The large funds are long metals of every class and there's been general selling today, which touched off stop-loss orders below the market.
few gold market safe sent stock yield
The inverted yield curve, which sent the stock market reeling yesterday, made gold one of the few safe havens.
customers exchange oversight properly ran
They actually ran a very good, under CFTC oversight and under exchange oversight, futures business, where all customers were always properly margined.
adding commodity general highs increasing momentum positions power purchasing seems
It seems that general commodity highs are adding purchasing power to momentum players' funds, so they are increasing positions in the metals.
above bouncing came climbed investors keeps market
The market keeps bouncing back and, once we climbed back above $550, more investors came back in.