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While the dollar rises following the FOMC's various statements and comments yesterday,...

While the dollar rises following the FOMC's various statements and comments yesterday, commodities (DBC) sell off, with gold -3.3% (GLD) to 1,328.85 per ounce, well below the key support level of $1,349. Silver (SLV) -4.3%, Oil -1.8% (USO), copper -1.6% - also dragged down by the poor Chinese PMI print - palladium -1.6% and natural gas (GAZ) -0.8%.
Comments (8)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Gold/silver getting hit hard in the early morning session (1322/20.6). NkD sharply up. Pt holding its own. Copper is the real story - likely lower (3.088) due to China data. Watch Cu and Pt on weakness.
    20 Jun 2013, 03:41 AM Reply Like
  • jackscure
    , contributor
    Comments (43) | Send Message
     
    Bernanke must get the death penalty. He is the most moronic, worthless piece of crap in the world. He will do NOTHING he will NOT taper- yet he insists on speaking to the brainless media and he causes pain and suffering for all. If anyone sees him, please taper him up - shove his worthless paper up down his ugly throat and throw him in the nearest ocean with Bin Laden.
    20 Jun 2013, 05:41 AM Reply Like
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    Let's play I spy. I spy someone who just lost their shirt and the kitchen sink buying gold.
    20 Jun 2013, 06:24 AM Reply Like
  • msteck
    , contributor
    Comments (50) | Send Message
     
    Quiet everyone, above we see a goldbug in its natural habitat. You will notice the foaming at the mouth and bad temperament that is common in this species. They are quickly declining in number because their ecosystem of fear and misinformation is slowly disappearing.
    20 Jun 2013, 02:35 PM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (2759) | Send Message
     
    I can finally write my bullish article! Dead cat bounce and smack down finished! No reason to write articles every day, making stuff up, just to get a high ranking on SA.
    20 Jun 2013, 07:35 AM Reply Like
  • bongpuller
    , contributor
    Comments (4) | Send Message
     
    Fools certainly rushed the gold........ now what?
    20 Jun 2013, 08:47 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8304) | Send Message
     
    Dollar is in a blow off top.

     

    Selling gold here would be like selling BAC or AIG in Jan 2012.
    20 Jun 2013, 02:18 PM Reply Like
  • paulming
    , contributor
    Comments (29) | Send Message
     
    Dear SA readers: can anyone comment on the future price of silver? Will it go as high as $35 again in your opinion and why? Thank you all in advance. Paulming
    21 Jun 2013, 02:18 AM Reply Like
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