Quote:
Originally Posted by Swanny
Gold prices took a big hit yesterday
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50/1210 > 4% in one day is a big drop but... if you scroll down on this website...
http://www.kitco.com/charts/livegold.html
You will see fundamentally that gold has risen 61% in the last year from $750 to $1210 yesterday... (1210-750)/750 equates to a 62% rise on the 750 price!
When you realise the buying power the group that want it down have you understand why the drops are bigger and faster than the rises... but it will come back up...
This may be clearer for people...
http://www.kitco.com/charts/techcharts_gold.html
when the red crosses the blue AND the green lines (like in Aug 2008) will be the time to sell Gold... Now is the time to watch it go up...