Gold Noise

Saw this chart from ZeroHedge on feedly and thought 'this looks ominous', but the image was too small to see the numbers clearly, so I opened in a new tab. Now I was able to clearly see the numbers in the enlarged image. 

The gold line is the spot price of gold. The other two lines are some obscure market bullshit, I'm not even going to try and figure out what they are.

Now look at the numbers on the gold scale (2nd from the right). It ranges from $5300 an ounce to $5550, a difference of 4%, not a catastrophic collapse. Now look the time scale along the bottom. It starts at 3:30 AM and runs till 7 AM this morning. That's like ancient history. Gold could be a thousand dollars higher or lower by now.

I suspect anytime you use a microscope to look at any kind of financial market you will find what look like apparent huge leaps in prices. I imagine there are people who thrive on this kind of minutiae but I ain't one of 'em.

The ZeroHedge article is paywalled. I suspect that the feedly link will not work for you.