GOLD

[Aussie]

I never understand how the gold price move. On a day like this gold price should be up, yet it is down. Something I dont understand I stay well clear.

Dr. Who, in short . . . gold is a political metal. The G20 is about to start!

Have a good poke around the GATA site and carefully read their WSJ ad that ran last year, it will make everything a lot clearer.

http://www.gata.org/node/wallstreetjournal

BTW, Does anyone here think this looks like a normal trading chart . . .

Attachment 1410

I looks more like a chart depicting forces that were aiming to get the price back below $900 - found some strong resistance and were temporarily overwhelmed before returning to their mission. That's a huge price increase then decrease in the space of 2 hours.

How does that happen I wonder?