A big thumbs up will be given to someone who can enlighten me on the following.....
From yesterdays message: " By lunchtime in New York, the gold price had recovered all its gains from morning trading...and was struggling higher until shortly before 3:00 p.m. in the thinly-traded electronic market. Then a not-for-profit seller showed up and sold the gold price down about fifteen bucks going into the close of trading at 5:15 p.m. Eastern time. "
Doesn't everyone want to make some money in the Markets?
Could someone explain to me the term Ed Steer uses, i.e. "not-for-profit seller".
I wish I had a bank account that could just sell away millions of dollars of gold for a $15 dollar "short" gain.