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ETH and BTC pumping on news that Peter Schiff got liquidated due to the massive gold dump
— Anthony Sassano (🦇, 🔊) (@sassal0x) August 9, 2021
The leverage in the futures market for trading Comex (CME) Gold is about 15 to 1. Thus, a leveraged position can get into serious trouble with the type of decline experienced on Friday -- resulting in forced liquidation on Sunday's open
— Peter Brandt (@PeterLBrandt) August 9, 2021