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cbwang888 (25.56)

Biggest 2 day drops of gold in $ amount

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August 24, 2011 – Comments (1) | RELATED TICKERS: GLD , SLV , UUP


From $1910 to $1750 in 2 days... I think the good entry point will be high $1600, like $1688. It could happen tomorrow near the US market close. 

 

Europeans have joined Chinese and Indian into the gold buying madness in addition to some buying from central banks (Mexico, S. Korea, Thailand ...) 

Happy trading ...

1 Comments – Post Your Own

#1) On August 24, 2011 at 5:49 PM, cbwang888 (25.56) wrote:

CME raised COMDEX gold future margins for the 2nd time

Futures selling will be met by physical buying ...

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