Thursday, October 7, 2010

As Expected, They Are Slamming Gold

They are doing "whack-a-mole" on gold. After reaching $1,365.70 before the equity market opened in the US, gold is being slammed back down to $1,338. Oh I'm so scared.

Now it's back to the level of Tuesday, two days ago.

Look at the sell volume on GLD, gold ETF, today. It almost looks like a hedge fund or two blew up over margin calls.


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