The reason why gold is smashed at 3:00 AM ESTis because the AM Fix is at 5:30 AM EST.Like the PM Fix at 10:00 AM EST – which I spend more time focusing on, the Cartel purposely smashes gold down beforehand to subdue “official” prices. I’d bet they somehow earn more money on the spread, too – likely in illicit fashion – but that’s another story for another day.
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