Tuesday, November 9, 2010

Spectacular Intraday Sell-Off on Gold

Gold hit the all-time high at $1,425 earlier today, and all a sudden reversed downward right after 1:00PM EST, taking the general market with it.

What are you going to do now, Ben? Your QE2 is supposed to prop up the stock market so that we can feel wealthy.

Below are the charts of GLD (top) and S&P500 (bottom) intraday.


Unknown said...

While it is always wise to keep gold and other precious metals as an investment if you can, in my experience, APMEX makes it very easy to Sell Gold when you decide you would rather have cash. They have easy instructions to follow and make it very simple to make some money off of gold products. They offer good prices on your precious metals as well and are very honest.

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