The Story of GOLD - Safe Haven begins
Why did Gold drop, when DJI reached 19500?
Short answer - Margin Call
High leverages employed by businesses & individuals that presented the HIGH credit risk that the world is in today.
Cashing out to meet margin calls from gold is a sound strategy only if it was used for hedging years ago.
Warning, there are still traders & institutions who are leveraging at high levels unless they have cash to sustain, liquidation to meet margin calls are possible.
Gold is ready to go back to its trending high.
Short answer - Margin Call
High leverages employed by businesses & individuals that presented the HIGH credit risk that the world is in today.
Cashing out to meet margin calls from gold is a sound strategy only if it was used for hedging years ago.
Warning, there are still traders & institutions who are leveraging at high levels unless they have cash to sustain, liquidation to meet margin calls are possible.
Gold is ready to go back to its trending high.
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