PDA

View Full Version : +/- 25. Whats wrong?


rrmss
08-21-2011, 08:28 PM
Is there any news in Asia that is making gold so erratic? Even silver is almost up and down the same percentage!

galtbob
08-21-2011, 09:25 PM
Thin opening market volatility.

Centaur
08-21-2011, 09:30 PM
Don't base any transactions on early spot POG movements.. wait for London and NY.. it will then have some strength behind it.

But probably still be volatile:eek:

GeorgeWest
08-21-2011, 10:32 PM
This gold demand by Chavez may be having a much bigger effect on the market than thought. Most of those in paper gold really do know the counter-party risk of not having it in their hand. I think a rush to convert is anticipated. That alone is enough to move the market. I suspect the conversion to physical has already begun in stealth mode.