GOLD IS TANKING!!! -2% LOWEST PRICE SINCE AUGUST!!! | |
Anonymous Coward (OP) User ID: 30221656 Portugal 12/18/2012 01:52 PM Report Abusive Post Report Copyright Violation | Gold is continuing its slide today as futures trade down nearly 2 percent. These levels mark the lowest price gold has traded for since August. Read more: [link to www.businessinsider.com] |
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Anonymous Coward User ID: 30236287 Germany 12/18/2012 01:58 PM Report Abusive Post Report Copyright Violation | Oh yea, 5*, and pin request. I am about ready to sell it all. Tired of the roller coaster and very broke. Someone talk me out of it, and give me confidence. Good idea. Better now than 50% lower. I'm seriously thinking about it, too. |
Anonymous Coward User ID: 14317225 Netherlands 12/18/2012 01:58 PM Report Abusive Post Report Copyright Violation | Gold fell more than 1 percent on Tuesday, hitting a 1-1/2 month low as growing hopes that Washington was moving much closer to a deal to avert the "fiscal cliff" triggered a sell-off in safe-haven assets. Rest of article at source... [link to www.cnbc.com] |
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Anonymous Coward User ID: 26548545 United States 12/18/2012 02:51 PM Report Abusive Post Report Copyright Violation | HAVE A QUESTION, I LOOKED AT CHARTS, APPEARS GOLD AND SILVER WERE DOING FINE TIL ONLY NEWYORK WAS TRADING. AFTER LONDON CLOSED, AM I READING THAT RIGHT, SAY AROUND 10, IS THAT WHEN THE OTHER EXCHANGES CLOSE, AND ONLY NEW YORK TRADING, AND THEN PRICE FELL, HOPE THIS MAKES SENSE NEW TO THIS BS |
Anonymous Coward (OP) User ID: 30221656 Portugal 12/18/2012 02:51 PM Report Abusive Post Report Copyright Violation | Business Insider‏@businessinsider Trader Tells Us Why Gold Got Hammered by @JuliaLaRoche [link to read.bi] |
Anonymous Coward (OP) User ID: 30221656 Portugal 12/18/2012 02:52 PM Report Abusive Post Report Copyright Violation | Gold futures tanked today falling nearly 2% for a combination of reasons, according to a futures trader consulted by Business Insider. He pointed to rates rising at the higher end of the yield curve (the 10-Year and the 30-Year) noting that the higher yields are "indicative of the market pricing in a better global growth story." He noted that with better growth prospects, the Fed could potentially back off its Treasury purchases, which is dollar bullish. That in turn would be another reason why gold would be lower. He speculated that some hedge funds may be liquidating their positions. If you know more about this, we'd love to hear from you. Please send an email to [email protected]. Read more: [link to www.businessinsider.com] |
Anonymous Coward User ID: 990186 Poland 12/18/2012 11:05 PM Report Abusive Post Report Copyright Violation | Gold futures tanked today falling nearly 2% for a combination of reasons, according to a futures trader consulted by Business Insider. Quoting: Luisport He pointed to rates rising at the higher end of the yield curve (the 10-Year and the 30-Year) noting that the higher yields are "indicative of the market pricing in a better global growth story." He noted that with better growth prospects, the Fed could potentially back off its Treasury purchases, which is dollar bullish. That in turn would be another reason why gold would be lower. He speculated that some hedge funds may be liquidating their positions. If you know more about this, we'd love to hear from you. Please send an email to [email protected]. Read more: [link to www.businessinsider.com] These sorts of explanations are just so much hot air. In reality it is simply another "unexplained" drop that just so happens to enrich the JP'S and the Goldman's once again. These companies will be paying out their executive Christmas bonuses soon, so what better way to fill the payroll account than to soak the suckers on the other side of the precious metal transactions? |