Echo To All

Why IMF Gold Sales Won't Affect the Gold Market

your ignoring the psychological aspect to this. Traders do not want to see one of the largest holders of gold to sell. Tradeers will sell gold as news of this comes out. If one of the largest gold holders is selling... what does that tell you? (If u do not know who the sucker is when playing poker... its u)

gold broke its 6month uptrend yesterday via its SMAs, and could not breached its previous highs. A negative set up has formed. I don't know how low its going to go because qualitative fundamentals in this metal is difficult due to its speculative nature, but short-term things do not look good.