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Re: Gold 1536.20 -27.90 -1.78%

By: Decomposed in ROUND | Recommend this post (0)
Thu, 29 Dec 11 6:36 PM | 41 view(s)
Boardmark this board | De's Test Board 		Msg. 37446 of 45651
(This msg. is a reply to 37439 by capt_nemo)
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Wow! It cracked $1,550 "support." I didn't expect that. Perhaps I should have, though, since I remember being surprised at how weak the $1,550 resistance was when gold was on its ascent in August.

I still wish I had cash with which to buy.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Gold 1536.20 -27.90 -1.78%
By: capt_nemo in ROUND
Thu, 29 Dec 11 5:47 PM 		Msg. 37439 of 45651

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Gold And Silver Plunge As EUR Reaches 15 Month Lows

Submitted by Tyler Durden on 12/29/2011 - 07:32 Aussie Copper France Investment Grade Portugal Sovereigns

It seems funds left redemptions until the last minute in the vain hope that everything will be fine in the European dis-Union as we see renewed selling pressure in EURUSD - taking out the January 2011 swing lows (as a mediocre Italian auction and failed Hungarian auction weigh heavily on the expectations for a 'solution' or firewall). Gold and Silver are also legging down hard (the latter now -9.5% from Christmas Eve) and the former loses $1550. Gold took out its September 2011 swing lows back to near six-month lows.


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http://www.zerohedge.com/news/gold-and-silver-plunge-eur-reaches-15-month-lows

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