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Gold futures sank $20 at the open and never recovered, hit by a wave of stop-loss orders in a...

Gold futures sank $20 at the open and never recovered, hit by a wave of stop-loss orders in a move blamed on a variety of reasons including technical selling, the expiration of options and futures contracts, deflationary concerns and a stronger U.S. dollar. One thing was certain: “There were no fat-finger trades or technical errors... This was a market-driven selloff."
Comments (10)
  • Brian Bobbitt
    , contributor
    Comments (1874) | Send Message
     
    If I had to buy a precious metal stock, it would HAVE to be SLV, SIVR, and then GDXJ. The latter is probably the most beaten down, so will be the best percentage move when the snap back occurs. I now own a few Shares of GDXJ

     

    Capt. Brian
    The Lost Navigator
    28 Nov 2012, 02:59 PM Reply Like
  • Barneyiknow
    , contributor
    Comments (39) | Send Message
     
    yeah, okay, sure
    28 Nov 2012, 02:59 PM Reply Like
  • Tas 2010
    , contributor
    Comments (254) | Send Message
     
    The premium on PSLV is the lowest I have ever seen. Rather than SLV, I will continue to buy PSLV whenever the premium is this low. I used this mornings smack down to add more PSLV. Nothing like audited, physical silver bars to help you sleep at night. I always tell people "know what you own, without question". Sprott is the real deal.
    28 Nov 2012, 03:26 PM Reply Like
  • TFCAB
    , contributor
    Comments (1912) | Send Message
     
    yeah yeah yeah.......these so called explanations are so comical
    28 Nov 2012, 04:17 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    see we didnĀ“t steal from you again.....this was the normal market....just 7,700 contracts in a few seconds.....happens all the time...yeah right...move on..lol
    28 Nov 2012, 04:23 PM Reply Like
  • bearfund
    , contributor
    Comments (1534) | Send Message
     
    Who cares? Many of us are now using gold as the standard by which we evaluate all other charts. The dollar's worth is all but meaningless now.
    29 Nov 2012, 12:33 AM Reply Like
  • super56shape
    , contributor
    Comments (3) | Send Message
     
    JP made some big bucks off the little traders again....what else is new?
    29 Nov 2012, 02:38 AM Reply Like
  • super56shape
    , contributor
    Comments (3) | Send Message
     
    So....JPM made more millions....who cares? They'll lose it and get bailed out next year by the King.
    29 Nov 2012, 02:38 AM Reply Like
  • kellirose
    , contributor
    Comments (4) | Send Message
     
    How can JPMorgan(crooks) continue their scam in doing naked shorts in the silver and gold market ... silver short 30000 contract (5000oz each) the current LAW allows max of 150 contracts .. where the f--- is the CFTC ... same story for gold. Think about the excuses for why gold miners went south ... just bullish! JPMorgan is the instigator .. I wish is that when the December contract end this friday with people wantin g physical silver/gold .... JPMorgan gets run over ... silver goes over $35 and gold over $1810. Should be interesting next week ...
    29 Nov 2012, 06:26 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    "current LAW allows max of 150 contracts "....but remember they excluded a few big players from this law.....they were supposed to be included...but they got a waiver...last year I think..the new rules
    29 Nov 2012, 08:34 AM Reply Like
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