That stuff suppose to drop with the Euro and Stock mkts.
NYC RR 10:16:14 GMT - 08/12/2010
Gold's behaviour is confusing. My theory: the market is not completely convinced about deflation/inflation.. If the deflation thinking takes hold, gold will come off sharply. Bear in mind that yesterday's fall in the stock markets is to some just a correction to the bull trend. A lot of investment banks are still looking for higher stocks at end 2010, the mean forecast is 1150 for the S&P, so I heard yesterday.
Vienna GD 10:32:06 GMT - 08/12/2010
Gold ... wait with buying until 3rd week of August around OE.
Thereafter full in - after September sprint a pullback into 2nd week of October. DYOD
It is very clear that some deep pocket buyers were able to get the margin-call gold at relatively low fluctuations and increase their gold holdings.
Maybe people lost their faith in the QE-Bail-all-out American economy.
Looks like Gold is "fools safe haven"(like me hehe) in a belief it will save them at the end of the day.
Russia, US, Europe and China are not in good shape, some feeling the world is not in stable condition.
Gold looks like the straw to hold, so not to be drowned
Saar KaL 10:40:11 GMT - 08/12/2010
will buy below
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