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Tuesday, December 05, 2023 11:14:46 PM
There are not 5000 ounces of GLD per futures contract there are only 100. There are 5000 per SLV contract. NOT gold. My bad.
So the amended numbers dumped into the market yesterday are as follows:
412,107 X 100 = 41,210,700
41,210,700 X $2069 = $85,264,938,300
So NOT 4 trillion dollars worth of GLD dumped into the market. My bad. It was "Only" 85 BILLION.
Give it some time. It will be 4 trillion someday. lol
Sorry guys. But I caught my mistake.
A Democracy is 2 wolves and a lamb arguing what's for dinner. In a Constitutional Republic the lamb is armed. We live in a Constitutional Republic.
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