$BTC.CC$ gold's down $130 in 2 days yet gold supposedly is t...
$BTC.CC$ gold's down $130 in 2 days yet gold supposedly is the safe haven why is gold going down it's real simple margin calls people are leveraged they're liquidating the wrong thing you sell what creates the margin call you don't sell what is not causing the margin call but people just like the market are not rational they make wrong choices so they're selling gold
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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ZAC_DESTROYS_ALL : you have to sell what ever you can to pay that margin call, everything sells off in a market sell off. gold should recover nicely once we shake out people covering their debts
10baggerbamm OP ZAC_DESTROYS_ALL : I understand how margin calls work I can tell you from owning a broker dealer and sitting behind a trading desk that people sell the wrong things if you have a stock that went from 30 to 20 that's creating the margin call that's what you sell you don't sell gold which is holding steady but people are not rational and they don't want to realize the loss by selling the stock that has fallen from 30 to 20 so they sell an asset that's not creating the problem and in return other people by the tens of thousands make the same mistake and in this case it's gold to cover their leverage positions that are creating the margin call