A Hungarian crash ahead? Catalyst for $1300 Gold?

MrOrganic

http://www.businessspectator.com.au/bs.nsf/Article/A-Hungarian-crash-ahead-pd20100824-8MB7L?opendocument&src=rss

The forint slid almost 2 per cent against major currencies overnight after the National Bank of Hungary announced that it would be keeping its key benchmark interest rate steady as it waited to assess the fallout from the collapse of talks with the IMF and the European Union last month.

derryb

per Zero Hedge, Bank of Japan and Swiss National Bank expected to intervene at any moment. Should push up gold in Europe.

OnlyGoldIsMoney

<< <i>per Zero Hedge, Bank of Japan and Swiss National Bank expected to intervene at any moment. Should push up gold in Europe. >>



Is this Hungary story today's news? If so I imagine will see some impact on gold when the market opens in Europe overnight.

OPA

<< <i>

<< <i>per Zero Hedge, Bank of Japan and Swiss National Bank expected to intervene at any moment. Should push up gold in Europe. >>



Is this Hungary story today's news? If so I imagine will see some impact on gold when the market opens in Europe overnight. >>



Old news & did not have an impact. Matter of fact price of gold declined a little since the story broke.