United states largest copper mine and 2nd largest silver mine is shut down. prob for years after a massive landslide. they also produce 500,000 gold ounces a year.
I will see what the paper pushers do on monday to see if they will keep knocking down the spot price and ignoring this news. should be an interesting time to buy. just my opinion. by Yanik
The world's largest man-made excavation - a US copper mine - has been shut down by an enormous landslide that smashed roads and buildings and left two-thirds of the pit base buried.
What happens when 500 tons of gold sales are dumped on the market at one time or on one day? Correct, it drives the price down. Investors who want to get out of large positions would spread sales out over time so as not to lower their sales proceeds. The sale took gold down by about $73 per ounce. That means the seller or sellers lost up to $73 dollars 16 million times, or $1,168,000,000.
Who can afford to lose that kind of money? Only a central bank that can print it.
Btw. the commodity market 100% illeagal naked short selling nss manipulations by the khazarian fed 666 gypsy cult ussr rothschild/hitler banksters pawns of copycats -
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