Gold’s action hasn’t been particularly jawdropping of late unless you consider what it’s been up against.
Last week there were two events that were bad for gold: Bernanke tightening and the IMF dumping, and yet it held strong, and in recent action it’s staye solidly above the $1110 line, which had been the scene of so much trench warfare.
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See Also:
- IMF Announces Gold Liquidation, Sending Bulls Hiding In The Corner
- Gold Laughs In Bernanke’s Face, Shorts Freaking Out
- Citi: China Sold Their Treasuries Because They Want To Buy Tons Of Gold