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This Mornings gold market has a familiar smell.

CoynCoyn Posts: 194
in Precious Metals
Up over $20 at closing, gold drops like a rock after the closing bell. This is the typical after hours takedown that they plan for the thinly traded aftermarket.

Same old crap.

Comments

  • joefrojoefro Posts: 1,872 ✭✭
    Smells like victory
    Lincoln Cent & Libertad Collector
  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭
    I warned that prices were up against resistance earlier today in the trading thread.

    GLD opened at about the highs of the day, then sold off. There was no real buying today, only selling, maybe due to the higher gap open.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • CoynCoyn Posts: 194
    Might have been some of Bernanke's friends at Goldman-Sachs just getting the word in advance as usual.
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Looks like more of the
    same instability in the
    PM's market !!!
    Timbuk3
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