Wednesday, August 24, 2011

Show ME the GOLD Part II (GLD)

By Hedge Ly | 8/24/2011 01:07:00 PM |

1 min GC
GLD 5 min showing all time high
It certainly appears someone on TUESDAY morning got the news of gold margin hikes out of Asia before the masses because today gold is down 103 points and still dropping. My post from tuesday morning warning that 'something was brewing' was indeed onto something. Sloppy trading was the indicator someone was slamming shorts into the market without the care to spread the order out causing the gold to drop 10 points a print. anyway 1740 may be in the cards before the day is over.




5 min GC showing all time high and now 103 points lower 1755.5 print


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