Post by
narmac on Jan 04, 2011 9:15am
Gold getting pounded this morning!!
Are we going to see some interest in our FIU puppy the start of 2011??
I sure hope so,,the little hidden gem!! :o)
Comment by
lefmike1 on Jan 04, 2011 10:43am
Sure looks like Cdn gold cos getting hit today, hmm wonder why?We really need to hit 1.50 to show strenght before I feel comfortable that we're on the right path. Next financial is a biggie in my estimation, will direct us to how we might be going forward.
Comment by
narmac on Jan 04, 2011 11:58am
,,,,,,no reason for gold to be down,,,,the first thing I read off the Yahoo Finance home page is "Inflation Jumps in EuropeMATTHEW SALTMARSH, On Tuesday January 4, 2011, 7:01 am EST ",,,,,,,the Cartel wants to get gold lower I assume!
Comment by
citytocityca on Jan 04, 2011 1:03pm
Gold is always hammered the week of the jobs report. They're just getting an early start.
Comment by
citytocityca on Jan 04, 2011 1:20pm
It's also commodity indices weighting reallocation week. Goldman and AIG are rejiggering the weight of various commodities in the index, which means all the houses have to alter their portfolios accordingly.