I am aware that everything including breathing thru your mouth can affect gold prices. I'm really trying to hedge a .5 million dollar portfolio from a meltdown. I used to write equity options until the volatility collapsed. nowhere to hide anymore.
but if the stock market crashes even gold and silver might go down alot in 1987 this happened briefly ... maybe you can adjust your portfolio in some way ... see a good financial adviser or your broker to discuss this further
oh I remember well......... margin calls caused a lot of futures players to exit. not sure what will happen this time since the financial markets have derivatives heaped on top of derivatives. my guess is that the exchanges will simply refuse to open since counterparties will be insolvent.
same nutty mini gold swoon after the COMEX closed on FRIDAY ( i.e. comex is primary market ) I spoke to the ECBOT ... they are working on addressing the issue
puzzling is the reaction of gold and silver today........... I thought the bursting credit bubble would support the stuff, but not so. maybe the world will boil down to a $50 trillion money market fund making 0.0000001% return.
for gold futures we switch from JUNE to AUGUST as lead month i.e. in mini YG gold ... I am only lightly trading AUG now although I am watching June as it is still lead month as rollover week switches into high gear ...