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Re: Gotta be quick... 

By: DueDillinger in CONSTITUTION | Recommend this post (1)
Tue, 03 May 11 3:49 AM | 66 view(s)
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Msg. 13022 of 21975
(This msg. is a reply to 13019 by lkorrow)

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Gold did rise, and set a new all-time high of 1,577.40 just before noon EDT. Profit-takers took it down somewhat after the Comex 1:30PM close.

Silver suffered from CME announcing yet another increase in the margin for futures contracts. Once the price hits a certain level, traders' stops kick in and the price avalanches.

It's never simple, so...

Ya gotta be quick.

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The above is a reply to the following message:
Re: Gotta be quick...
By: lkorrow
in CONSTITUTION
Tue, 03 May 11 12:53 AM
Msg. 13019 of 21975

Gold and silver retraced lower. How did you figure that one? I would have thought it would rise . . .


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