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kenny1703 (< 20)

October 2013

Recs

2

Gold seeks footing!

October 17, 2013 – Comments (2)

The Gold market may get it’s boost if there is no accord going into a potential default! The US Dollar would lose value and the Treasuries would be worth less if the premier currency and its debt instruments defaulted. Gold would then take on a flight to quality role. Last Friday, it had an incredible selloff about 8:40 AM CST. About 800,000 ounces of Gold into the London fix or Comex exchange so it was rumored. The size of the order halted trading. Typically the large fund managers scale orders into the market more gradually.   [more]

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