Jump to content
House Price Crash Forum
Sign in to follow this  
curious1

Dj Ny Precious Metals Review: Gold, Silver Hit By Liquidation

Recommended Posts

http://www.futuresource.com/news/story.jsp...284543996428352

Gold and silver futures fell sharply Tuesday largely due to long liquidation

after gold had risen to quarter-century highs on Monday, traders and analysts

said. Some of the selling was from funds, they added.

February gold fell $4.80 to $545.70 after hitting a life-of-contract high of

$553.10 in screen trading roughly an hour after Monday's pit-session close.

March silver lost 26.8 cents to $9.015.

"People are just taking some money (off the table) after this last run," said

Frank Lesh, futures analyst with Rand Financial Services.

A trader commented that the $550 area had been an upside objective for many

market participants, thus some opted to book profits after this target was

reached.

"A profit-taking move seemed to start overnight when the market didn't push

up through yesterday's highs," said Lesh. "Clearly, the longs up here are a

little bit nervous about things. They are going to be quick to bail out when

things go against them up here. It doesn't mean that we're not in an uptrend

any more. But gains are going to be a little harder to come by, I believe."

Thoughts?

Share this post


Link to post
Share on other sites

the world has only 3 sorts of people. those who make the news, those who watch the news, those that follow the news.

and then get BURNT. :)

that's good - I'm going to try to remember that one :)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.