You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Why the Gold Smackdown?
- Thread starter sledged
- Start date
Quote from sledged:
Been following gold last couple weeks, first time in awhile that bears have dented this thing. I am just learning the fundamentals that effect this product, is the recent $50 or so move down in relation to some peoples sentiment that QE2 wont be as big as first anticipated? Thanks.
Fast money. Can't take the heat. They got in after the QE II started to be discussed. They came in more then a bit more and then looked around and no one was coming in anymore. They were left holding the bag. They dropped the bag like a hot potato.
$50 is nothing. Wait for the 300-500 drop
I think what Ivan is trying to say is, "buy the rumor, sell the news."
Quote from ivanbaj:
Fast money. Can't take the heat. They got in after the QE II started to be discussed. They came in more then a bit more and then looked around and no one was coming in anymore. They were left holding the bag. They dropped the bag like a hot potato.
$50 is nothing. Wait for the 300-500 drop
Quote from sledged:
Been following gold last couple weeks, first time in awhile that bears have dented this thing. I am just learning the fundamentals that affect this product, is the recent $50 or so move down in relation to some peoples sentiment that QE2 wont be as big as first anticipated? Thanks.
You call this a smackdown? Gold makes these down moves every few months, it's normal & expected.
Observe most stocks in a bull run, they have sharp corrections periodically.