Europe reaches trillion dollar deal and gold plummets

OzzyAndy · October 26, 2011 4:15PM

Oh hang on, gold didn't do a thing, guess people realise that these nations are still spending more than they're earning.

OPA · October 26, 2011 11:09PM

Yup...it's beginning to make it's downward move...

roadrunner · October 26, 2011 11:46PM

<< <i>Oh hang on, gold didn't do a thing, guess people realise that these nations are still spending more than they're earning. >>

The only thing gold did was jump up $100 in 3 days. It made its move earlier this week. After such a move
it has to consolidate at this level for at least a short period of time. Apparently, gold got the word early.

roadrunner

mrearlygold · October 27, 2011 12:10AM

So there partners in crime at the fed are going to print smoe? GOOD!

derryb · October 27, 2011 1:12AM

Nothing more than a big band-aid being applied to an amputation.

57loaded · October 27, 2011 2:00AM

i'm smitten the cohodk's insight of the graph in this thread

link to yesterday's thread

he may or may not have an oracle. either way if gold closes below last years, we could be in for a technical sell-off of huge proportions.

be aware for some kinda emotion and solution (blind and drugged as it would be) that the debt crisis is turnig around in the next couple of months.

percyb · October 27, 2011 4:31AM

Up is down in this world.

roadrunner · October 27, 2011 9:00AM

And gold eventually did make itself known by the end of the day by heading up from $1720 to $1750+. Guess it just wanted an invitation.

roadrunner

Europe reaches trillion dollar deal and gold plummets

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