A glitch or some major manipulation in action?

[BackyardBullion]

Just noticed a £100/oz dip in gold for about 1 minute according to bullionbypost

I have seen these before, are they real price drops.or just a glitch?

Someone could have made a killing in the space of 60 seconds which could indicate some serious manipulation....

It it's just a glitch....

 

[daca]

that explain the current price on europeanmint

-0.24
€1322.90
GOLD

[silverdocket]

 Did anybody managed to buy anything 

[silverdocket]

 We all know the markets are rigged  and precious metals are suppressed...

 Silver should be around 1000 gold should be 10,000 An oz....

[Zhorro]

12 minutes ago, BackyardBullion said:

Just noticed a £100/oz dip in gold for about 1 minute according to bullionbypost

I have seen these before, are they real price drops.or just a glitch?

Someone could have made a killing in the space of 60 seconds which could indicate some serious manipulation....

It it's just a glitch....

 

It also appears to have gone up to £1,181.63 for a very short time this morning.

[Dexter]

There has been talk about a whale in the market for some time now both silver and gold, might be that the whale bumped into another whale or that this was a manufactured drop for a big player to make even more of a killing... A Christmas present from all us the peasants to the bankers and the merchants so to say...

[Martlet]

The real question is what market is open on Christmas day to provide any price?  Will be thin volumes where ever it is. 

[AppleZippoandMetronome]

37 minutes ago, Martlet said:

The real question is what market is open on Christmas day to provide any price? 

This is exactly what I was thinking

[sixgun]

i would not count bullionbypost as a reliable source of chart information. Look at other chart sources, you won't see it.

[goldmember44]

It's foul play, of course. They need to take out retail long positions' stops before they will rally the market big time...  my speculation 😛

[ilovesilverireallydo]

The 18.01 drop was a glitch, but that was a trigger of a small drop - if you look at Kitco, the main drop of that day was a few minutes later, and wasn’t anywhere near that. 

[KevjustKev]

There were two spikes and dips, shown on the Akinsons chart, different times and by £30 ish

[silverdocket]

 Here's the question if there's a big dip again on bullion by post and you manage to get an order in  Will they honour it...

 

 

[daca]

40 minutes ago, silverdocket said:

 Here's the question if there's a big dip again on bullion by post and you manage to get an order in  Will they honour it...

Nope, they are not obligated (true for all PM dealers not only the one mention above and for any orders not just when the price dips) .

I've read a few FAQ/ terms and conditions and in almost 99% they say are not obligated to accept your order.

They consider the order as an "offer to buy" and it is entirely at their discretion to accept or not.

[silverdocket]

14 minutes ago, daca said:

Nope, they are not obligated (true for all PM dealers not only the one mention above and for any orders not just when the price dips) .

I've read a few FAQ and in almost 99% they say are not obligated to accept your order.

They consider the order as an "offer to buy" and it is entirely at their discretion to accept or not.

 Always the way....  it's  so funny you are committed to buy or pay a cancellation fee...

thanks for the info

#unts me thinks......

 

[daca]

5 minutes ago, silverdocket said:

 Always the way....  it's  so funny you are committed to buy or pay a cancellation fee...

thanks for the info

#unts me thinks......

 

your welcome

Here is a extras from "terms and conditions" of a PM delear

"§ 3 Concluding a contract

The products and services offered on ..............  do not constitute a binding offer to sell. [...]

................  will then send an order confirmation by email. We reserve the right to edit or cancel the order within 48 hours. We reserve the right to reject orders from customers who were unreliable or who paid late in the past".

[RoughDog]

It's the Gremlins.  They come out at christmas time.

[5huggy]

36 minutes ago, RoughDog said:

It's the Gremlins.  They come out at christmas time.

Could be Minions!!

[RoughDog]

🤣