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Gold dip... what happened in asia last night?

 
TardisBlue
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User ID: 1527687
United Kingdom
09/07/2011 10:08 AM
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Gold dip... what happened in asia last night?
What happened to gold prices in China last night? Anything to do with PAGE or asian reaction to news from Switzerland and Germany? Anyone have an explanation?

Goldtards extremely quiet. Are they busy selling?
Isaiah 55:8 'For my thoughts are not your thoughts, neither are your ways my ways, saith the LORD.'
Anonymous Coward
User ID: 1290453
Romania
09/07/2011 10:18 AM
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Re: Gold dip... what happened in asia last night?
No ... we are hoping gold go down ... to buy more ...
TardisBlue (OP)

User ID: 1527687
United Kingdom
09/07/2011 10:26 AM
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Re: Gold dip... what happened in asia last night?
But what triggered it?

From what i'm reading, somebody sold a lot of gold(not physical) last night triggering stop losses.

There were reports overnight of heavy selling of gold in the Asian markets, with some speculating a government may have been selling large quantities of gold.

[link to blogs.forbes.com]

But if the gold sold was in futures could we not see a lot more of this, as large investors seek security in PAGE and Chinese markets and currency?

How much is current gold spot price led by paper...
Isaiah 55:8 'For my thoughts are not your thoughts, neither are your ways my ways, saith the LORD.'
Anonymous Coward
User ID: 1394135
United States
09/07/2011 10:27 AM
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Re: Gold dip... what happened in asia last night?
PM's have fallen due to the likelihood of success of bigbammoes economic plans. THe light is at the end of the tunnel!




As if!
rken

User ID: 1535869
Thailand
09/07/2011 10:37 AM
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Re: Gold dip... what happened in asia last night?
Chinese read my post about how they were being set up to flee from holding US debt into overpriced gold and started selling, I guess. ROFL rken
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