29 Dec '16, 4pm

Gold Surges Above $1150 On $3.5 Billion Bid, Bitcoin Dips

Tylers, I fail to understand why you still refer to the paper contracts traded on the futures market as "Gold" and "Silver". No actual metal is being traded on these markets, so the price actions derived from trading paper have nothing to do with real metal. Any market sentiments that these price actions refer to are merely the sentiments of JPM and Goldman algos and the few remaining humans that are dumb enough to trade these markets.

Full article: http://www.zerohedge.com/news/2016-12-29/gold-surges-abov...

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