Gold falls for seventh day on funds liquidation

Quote from Landis82:


Rather than continue making all of these "predictions" and posting one cut and paste article after another . . . why not simply REACT to what is going on?

That is what successful TRADERS do.
They REACT.
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Bingo!
 
Quote from S2007S:

Gold should be well above $1500 at this point
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Says who?
Margin calls are based on where prices ARE trading, not where one thinks they SHOULD be trading. And for now the market says gold is worth ~ $787.
 
Let's see what happens after that December contract expires.

Think there will be a lot more deliveries requested than usual?

I do.

What will they have to deliver after that?

You think there will be nobody with money wanting it? As fast as the Treasury can print it, it goes to OPEC and China, and everywhere else in the world except America. Think they will smell a rat, soon?

I do.

And I think they will take delivery of as much as they can get their hands on.
 
Hi,

I just started with this post on GOLD, please comment your take on this post.

Here is my take on gold short term 1-2 weeks, it will trade in the band $760 - $810 based on these 3 links given below

1) storing dollar
2) hedge funds forced unloading as part of delevarage

Dollar soars to 20-month high; euro drops vs yen
http://www.reuters.com/article/hotStocksNews/idUSTRE49D12L20081021

Gold falls for seventh day on funds liquidation
http://www.marketwatch.com/news/sto...E4BC11-FD94-4FA5-9726-B3D758BD84F5}&dist=news

Freaky Friday Part II - The Big Roil
http://www.kitco.com/ind/nadler/oct172008A.html

Cheers
 
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