RE:Gold Seems To Be On Steroids TodayNLMoose wrote: Earlier today, Gold Futures were trading $60 US per ounce higher.
However, late this afternoon, Gold Futures were trading substantially lower as it plummeted $25 US per ounce lower.
With Gold experiencing sudden gains and than a big plunge, the commodity seems to be on steroids as its not normal for a commodity to have a big gain and plunge on the same day.
If a drug test was given, Gold would definitely test positive.
With that in mind, Gold seems to be on steroids as it had a big gain in the morning, and now its substantially lower which is not normal.
So you just made up a new FUNDAMENTAL LAW OF GOLD TRADING stating that a gold trading should never reverse itself during a trading session !
Please go take a look at todays graphs for oil, Nasdaq, DOW, etc. You will see major reversals for each one.
If you can't understand why today's trading is a little volatile after watching the news, maybe you should be the one taking a drug test ...