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It's flying today. I sold yesterday :(

Ok, I just checked the Arabic news services. A spokesman for the Iranian Foreign Affairs confirmed the incident and described it as a "normal" thing that "happens from time to time" and that when something like this happens "the problem is solved after the other side is identified"

It will be interesting to wait and see what the Iranians will say about this incident, if anything.

Even despite this news, Oil is down more than 2 dollars!

Good call!!

I used to work for the Defense Attache in the Embassy of Japan in the State of Kuwait. One day the Iranian Military Attache called for an appointment with the Japanese Attache. My boss was very worried from this meeting. A few minutes before the meeting he was stone cold. I asked him whats...

To protect the Arab states from Saddam!!

jreynolds212, you enjoy being a goof?

Gold is currently over 842

same here

Dito

Well that was a bad call on your behalf.

Honestly, my price targets have been revised so many times its not even funny. But I see Gold little above $800 before the end of the year.

With the OPEC having their meeting scheduled on Wednesday, this is, and will be putting pressure on Oil, and in turn, this puts pressure on precious metals.

You got what you hoped for. Im not sure though that its a good long oppurtunity at the moment. Maybe waiting a few days is best.

Thanks anyways. I wish I was able to read between the lines when Goldman Sachs calls a short on Gold

Are you talking about the Short covering they did back in late April?

Goldman Sachs is recommending shorting Gold.

Todays down was just related to the fact that oil lost $3 today

I completely understand your frustration, but are you really sure about that? I mean there seems to be alot of manipulation in the metals. Its extremely dissapointing. I do not care about gold as much as I care about silver. Silver should have been resuming its run after it broke the $16...