Gold

[MarillionFan]

What is your position now MF?

Barclays UP
Standard Life UP
Aquarius Platinum - Flat
Cable Wireless - Flat
Inmarsat - Up
Range Resources - Down

up £800 compared to Friday but RRL is beginning to drag me down.

 

[SantaClaus]

This morning was a great place to buy gold for the brave. If only to take it back up to 1900's for a double top.

 

[Jog On]

So how will resident dirty spekulants explain sudden drop in price of gold?!?!

There's one rumour that Germany and France are selling off their gold reserves - possibly to absorb a greek default?

Margin requirements were also hiked again causing more people to unwind their positions. Also it's more of a technical correction back to pretty much in line with where it woule be if had carried on trending slowly but surely rather than the big spike up it just crashed down from.

 

[AtW]

There's one rumour that Germany and France are selling off their gold reserves - possibly to absorb a greek default?

You really think they'd sell precious highly valued gold instead of printing euros that would increase value of their gold holdings?

Also it's more of a technical correction

So you call technical correction drop from 1900 to 1500 in space of what few months?!?! That's 25% off value of investment in what is supposed to be saver of money.

 

[milanbenes]

if there's any nation which knows the value of holding gold, then it's the Germans !!!

Milan.

 

[TimberWolf]

if there's any nation which knows the value of holding gold, then it's the Germans !!!

Milan.

And Italians.

 

[eek]

Everytime I see this thread I always think of

 

[TimberWolf]

Everytime I see this thread I always think of

I think of:

 

[eek]

For MF

 

[Arturo Bassick]