"Markets don’t have a purpose any more - they just reflect whatever central planners want them to. Why wouldn’t it lead to the biggest collapse? My strategy doesn’t require that I’m right about the likelihood of that scenario. Logic dictates to me that it’s inevitable..."
For 90 min, the panicky speculator herd stampeded. Then market makers reasserted control. No, not over price--of spread! They did not manipulate the price of gold upwards. They decarried gold, that is, sold spot and bought futures.