Bullboard - Stock Discussion Forum Voltalia Ord Shs VLTAF

Voltalia SA is a France-based holding company engaged in the renewable utilities sector. It designs, develops and operates electric power stations in numerous countries, such as France, French Guyana, Brazil, Greece and Morocco. The Company generates electricity using a variety of renewable energy sources. These include wind, water, biomass and solar power. In addition, Voltalia SA specializes... see more

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Voltalia Ord Shs > School?

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Post by Mick16 on Jul 05, 2012 9:33am

School?

Hi guys, I'm still learning the intricacies of the whole PoG thing and how it reacts to certain things. My question today is why did it tank when GB announced it's going to print GB50billion extra fiat?

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Comment by VentureTrader1 on Jul 05, 2012 10:34am

Because the US jobs report is out tomorrow, and gold generally sells off in advance of that report. If the job numbers are weak tomorrow that will probably be taken as a signal that more QE will be coming soon and the price will bounce back. You can also watch for weakness at the end of each month when the Comex options expire, and usually volatility around the time the GLD options ...more

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Comment by explorer14 on Jul 05, 2012 10:34am

These markets are RIIIIIGGGGGGGED Nothing makes sense. Good news is bad news & bad news is good news.

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Comment by Mick16 on Jul 05, 2012 10:38am

Thanks for that VT1

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Comment by goldbull636 on Jul 05, 2012 10:42am

Although the printing of money in Europe is good for gold, gold is priced in USD and the USD gained a lot against the Euro so gold went down. Now once the US starts printing again (soon!) then gold will make its move towards new highs....

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Comment by goldbull636 on Jul 05, 2012 10:44am

Gold is down today because of the lowering of the interest rate in Europe so there is more demand for the USD making the USD go up a lot today and gold down...

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