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Gold retakes $1,400/oz. after falling as low as $1,337 overnight. Coincident with any big macro...

Gold retakes $1,400/oz. after falling as low as $1,337 overnight. Coincident with any big macro move are rumors George Soros is on the right side of it to the tune of hundreds of millions in profits. "Gold was destroyed as a safe haven, proved to be unsafe." GLD +1.5%, SLV +0.9% premarket.
Comments (8)
  • bd4uandu
    , contributor
    Comments (1814) | Send Message
     
    Why is that not surprising George is involved.
    18 Apr 2013, 07:25 AM Reply Like
  • borny
    , contributor
    Comments (7) | Send Message
     
    What can and will prevent future manipulation of PM markets?
    18 Apr 2013, 07:41 AM Reply Like
  • bd4uandu
    , contributor
    Comments (1814) | Send Message
     
    Maybe if someone is implicated and sent to jail but I don't see it happening.
    18 Apr 2013, 07:43 AM Reply Like
  • Energysystems
    , contributor
    Comments (987) | Send Message
     
    (imo)Much stauncher margin requirements.
    18 Apr 2013, 07:49 AM Reply Like
  • css1971
    , contributor
    Comments (870) | Send Message
     
    Why would I want that to happen? I can get real physical gold on sale.
    18 Apr 2013, 08:38 AM Reply Like
  • Energysystems
    , contributor
    Comments (987) | Send Message
     
    Why would you want to buy on margin if you want physical gold? The only physical I own I've bought at spot.
    18 Apr 2013, 05:56 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    They donĀ“t enforce the naked shorting now....what will new rules do accept affect the little guy....the big guys are free to do what they want....Bart Chilton said yesterday they are looking into it...lol....
    18 Apr 2013, 08:22 AM Reply Like
  • bertrandrighi2
    , contributor
    Comments (37) | Send Message
     
    This will be possible as long as there will be paper to pretend to trade on physical. If you could buy physical with hard cash, no credit, Soros' profit would be 5% of what is is today, and he would have taken a REAL risk...
    18 Apr 2013, 09:02 AM Reply Like
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