Sniper --- One more thing --- I dont know if you are watching Gold movements closely for last 5-6years....
Japan/Asia usually starts the Profit booking/Correction in gold after it runs up sharply.....
Not sure if one such intermediate downtrend/correctio
Lets see how US takes it up from here.....
Just my personal observation.
Rgds/Balaji
On Fri, Nov 27, 2009 at 2:21 PM, BALAJI Jayaraman <bctbalaji@gmail.com > wrote:
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/BalajiOn 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/BalajiOn 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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