GOLD!

[#1]

WHATS happening to gold... why the big drop? and info...? plz help.

[#2]

Im also rather puzzled, perhaps one of the many factors that India, the biggest importer of gold has stopped imorting it. Also, Gold ETF also down - are investors starting to look for riskier places for the money and pulling out of the safe haven?

[#3]

845 is the target,where I'll be buying.... so still some more pain to come.

[#4]

but why can't the investors see it as a safe haven..? after all this week will be pretty bad ALSI

[HiSo]

Head and shoulders on gold. Also broke its bull trendline. I think we could see it below $800 in the near future.

[#6]

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=an0Rx9Ul3Two

[_nova]

look for a double touch on 800, ZAR to 7.50, USD Index to 92 (possibly) and a disconnect with US Markets. A stronger ZAR and a stronger USD will make for a fast and hard drop in our markets but it won't last. The rally ain't over, but I'd be real careful because there could be massive over reaction to this. I reckon we'll only see a market top out end or Apr maybe even June

[striker]

Roffey's forecasts looking off the mark again.

[kwagga]

The fat lady hasn't sung yet. Be patient.

[#10]

please give me some good news... must sell HARM.. GLDF... ALL MY GOLD,,cause this HURTS!

[striker]

I'm not a Gold bull,but for those who are,surely the patience must running mighty thin by now!! Just how much more patience are we talking about this time? ---- another 10 years of unfounded hope??

[kwagga]

Stick to your stoploss, no matter what. We could still go down a bit.

[Wizard]

Lets see some kind of 0.618 here...bottom... and it will go up again...for the time being SHORT!!!

[barry_1]

likely to run up now,trouble now is for how long,markets are churning at the moment....not likely to breach the thousand dollar mark at theis stage.OMO

[#15]

Gents, the selloff has the potential to be violent! Gold demand is almost 50% driven by ETF's (compared to significantly less in previous years). Fundamentaly, IMO, ETF demand driven prices are dangerous. At least jewelry demand can be clasified as buy-to-hold, nobody is going to sell their jewels just because of a price drop. Now what happens with leveraged instruments when prices drop? Stops kick in! And worse than that, the ETF dumps the physical, which creates more supply, and a vicious circle kicks in. Gold has potential to fall to 750 again, IMO

[jack12]

Some goverment has decided to sell a few tones, time to tighten the belt, unless you are short

[divz]

IMF selling off gold stocks to prop up cash reserves

[#18]

ya then they will finally realize that the is too much paper and will have to balance the gold with the money... what dumb a*8... but it will be a nice short if i do say so myself... maybe even a longer 1..lol!