Thursday, 24 April 2008

Tumble time! 2008-03-04

Tuesday 4th March 2008. Tumble time!

Gold took a real hit today from massive selling (now who might havedone that)? John Nadler on Kitco called it profit taking presumably by long traders but if they were in at $990 and it went down to $965, then who made the profit? Answer: the guys on the other side of the trade; the short sellers. See tomorrow above.

No comments: