Posts Tagged ‘LBMA’
Gold and Oil News - May 13, 2013 14:11
Follow Through Selling Takes Gold Back to $1420
The fight in the gold pits it continuing unabated. After the latest round of Fed jawboning about ‘tapering off’ quantitative easing courtesy of Wall Street Journal mouthpiece John Hilsenrath, hedge funds desperately short with naked positions on the COMEX and in London are continuing to press their advantage attempting to push price to zero as […]
Gold Tests $1400 Fails, Falls in Asian Trading
Just moments ago Gold was bombed on the Hong Kong open back below $1340 per ounce, before recovering slightly. Last night the market re-tested $1400 just after the U.S. equity market opened but that test failed and gold was under pressure all day through New York trading and through early Sydney trading. Once Hong Kong […]
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