Re: [Technical-Investor] GOLD ON VERTICAL FALL !!!

 

Sniper,

I have poor memory - Kindly enlighten me about Lehman Collapse and Gold movements.....

BTW, can this trigger off a rally in Crude to 90-100$??? Can Gulf countries / Middle East use this as an opportunity to Jack Up crude prices (by declaring production cuts etc) - to make money for Dubai World bailout.... Strange/Wild thoughts....  :)


Rgds/Balaji

On Fri, Nov 27, 2009 at 1:53 PM, Sniper Trader <snipertrader@gmail.com> wrote:

go back to history in 2008 - Lehman collapse... u ll find ur ans

On Fri, Nov 27, 2009 at 1:51 PM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:

Why should a safe haven(Bullion) fall during such turbulent times???

I can understand the fall in Equity, which can be considered as profit booking being riskier asset classes - But Why gold???

Is it normal profit taking in gold or start of intermediate correction???


Rgds/Balaji

On Fri, Nov 27, 2009 at 1:20 PM, Sniper Trader <snipertrader@gmail.com> wrote:

on expected lines.....

On Fri, Nov 27, 2009 at 1:17 PM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:

GOLD CMP......... 1139.70 $$

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