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

Gold tumbles after relative optimism from the Beige Book cools thoughts of additional Fed action. GLD flat after being higher by nearly 1% before the report.
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Comments (7)
  • Jason F
    , contributor
    Comments (217) | Send Message
     
    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
    , contributor
    Comments (539) | Send Message
     
    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
    , contributor
    Comments (478) | Send Message
     
    "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
    , contributor
    Comments (5131) | Send Message
     
    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
    , contributor
    Comments (2) | Send Message
     
    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
    , contributor
    Comments (2287) | Send Message
     
    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
    , contributor
    Comments (539) | Send Message
     
    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
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