Gold tumbles after relative optimism from the Beige Book cools thoughts of additional Fed...

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Jason F Comments (216)
 
Gold is still in a downtrend, here's the chart with technical analysis http://bit.ly/KvgJ9H make your own interpretation
6 Jun 2012, 02:42 PM Reply Like

Clint007 Comments (537)
 
About the Gold moved, they have over technical view to please everyone. Positive and/or negative
6 Jun 2012, 05:08 PM Reply Like

gh1616 Comments (391)
 
"Gold tumbles".........an example why one should not anticipate the market at 2:39 PM......Gold finished up on the day.

Gold is not in a confirmed downtrend & will not be unless it breaks $150 (GLD) I believe the close is more important than the intraday & that puts resistance at about $150 12/29/11 & 5/16/12 although that close was $149.46 I call it a hold technically without a confirmation above $175 or below $150 on volume
6 Jun 2012, 10:13 PM Reply Like

youngman442002 Comments (4973)
 
In the meantime..the Spanish banks will need 100 billion from someone....then Italians..Portuguese..... are still spending trillions of paper...QE is a sideline...but another waste of money
6 Jun 2012, 02:45 PM Reply Like

Cutemom Comment (1)
 
Greece has no business being in euro zone. The sooner they leave, the better it is for the rest of Europe & us gold trader/ investors
6 Jun 2012, 02:59 PM Reply Like

remurraymd Comments (2306)
 
Headline is flat wrong (GLD) is not "tumbling" just flat
as you say in your text after a massive bull run last week.
2 weeks ago we bought (NUGT) in the $7s made it to
$14 this AM almost 100% should continue to rally with markets.
6 Jun 2012, 03:10 PM Reply Like

Clint007 Comments (537)
 
China is buying as much as possible when is around $1500.

Gold won't go lower then $1500.
6 Jun 2012, 05:11 PM Reply Like