In a side conversation with my friend the gold trader
Or in parentheses ( the person who distributes and sells gold to gold shops )
I asked him: Do you receive gold from the price of 2070
He replied and said it is impossible only if this gold is for me personally and not for my work
I asked him why, he said, because this is what happened to us two years ago
1 Merchant like 100 merchants with one rule
And if you want to know why 2070 resisted the rise, you have to know that gold is a commodity governed by traders in the first place, 50% of the gold is with them
And when the merchant refuses to buy from the market by this price
This is a normal reaction to drop for $100
, I did not leave him, and I asked him what if he came back and retested 2070 . He said, “We will do the same thing again.”
buy if the price of gold breaks 2070, it will turn into Future
Like what happened with oil, when its price was negative
I asked him when will you buy, he said when a strong bounce occurs again, like 70 with 100 dollars, then we will buy again and cover ourselves with 100 dollars, an upward movement
Look, I made it easy to talk as much as I could
If you understand this is a good thing, but if you do not get angry, then this is normal because the subject is difficult
Or in parentheses ( the person who distributes and sells gold to gold shops )
I asked him: Do you receive gold from the price of 2070
He replied and said it is impossible only if this gold is for me personally and not for my work
I asked him why, he said, because this is what happened to us two years ago
1 Merchant like 100 merchants with one rule
And if you want to know why 2070 resisted the rise, you have to know that gold is a commodity governed by traders in the first place, 50% of the gold is with them
And when the merchant refuses to buy from the market by this price
This is a normal reaction to drop for $100
, I did not leave him, and I asked him what if he came back and retested 2070 . He said, “We will do the same thing again.”
buy if the price of gold breaks 2070, it will turn into Future
Like what happened with oil, when its price was negative
I asked him when will you buy, he said when a strong bounce occurs again, like 70 with 100 dollars, then we will buy again and cover ourselves with 100 dollars, an upward movement
Look, I made it easy to talk as much as I could
If you understand this is a good thing, but if you do not get angry, then this is normal because the subject is difficult