joules mm1 said:of course, the question is who is soaking up that selling? mostly it'll be the large commercials....even so, price can gap and fall on low volume, so waiting for price to swing to exit at a better price might not work either....the train has left the station
if you are an "investor" there are some compelling reasons to read this link for your own well being:
http://www.zerohedge.com/news/2013-06-26/gold-drops-below-its-average-cash-cost
--------------------------------------------
That makes sense, which is typical of supply and demand in most commodities. The price goes up they grow/mine/make more...extra supply drives the price down until the cost becomes prohibitive and supply gets affected, the price rises to reflect the supply/demand relationship again....
Works for me...
CanOz
tops !TheOnion said:NEW YORK””After fluctuating wildly this morning between $1 and $35, the price of money spiked to an unprecedented $90 a dollar in afternoon trading, plunging international financial markets into chaos. “Wall Street erupted into absolute pandemonium once the price of a dollar jumped past $50””if this keeps up, I wouldn’t be surprised if the dollar reached $275 or higher by the closing bell,” said CNBC analyst Marvin Kanisch, noting that the price of 20 dollars had soared well over $1,000 amid frenzied trading before plummeting back down to a more reasonable $430, while the price of five dollars remained steady at $5. “Everywhere you look, panicked investors are clamoring to exchange their dollars””which can only purchase about two cents apiece right now””for more stable dimes and quarters, which are trading at $18 and $32.25, respectively. And with the price of pennies falling below $140 an ounce, it’s easy to understand the sense of urgency. Bottom line: It’s a seller’s market.” With the skyrocketing dollar-to-dollar exchange rate prompting Americans to hoard as much money as possible, President Obama is expected to address the nation later today about easing America’s dependence on domestic currency.
That makes sense, which is typical of supply and demand in most commodities. The price goes up they grow/mine/make more...extra supply drives the price down until the cost becomes prohibitive and supply gets affected, the price rises to reflect the supply/demand relationship again....
Works for me...
CanOz
http://fofoa.blogspot.com.au/2010/10/its-flow-stupid.html"Gold has always been funny in that way. So many people worldwide think of it as money, it tends to dry up as the price rises."
(ANOTHER, 1997)
Interesting Sinner, thanks...
Well i think 1200 will stop it...we're not far off.
CanOz
Interesting Sinner, thanks...
Well i think 1200 will stop it...we're not far off.
CanOz
So when it was at 1900 we had one? I'm not sure it's a matter of 'winning' or 'losing' anything as there's a bit to go yet. Some parties require the price to be as low as possible for the end of the qtr, so see what happens next week?LOL not very well. Its rooted - stops galore. Face it bugs you lost!!
So when it was at 1900 we had one?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?