9/6-7/2011 gold attack shadowed by 8/2011 attack
I don't know about today, Thursday, 9/8/2011, but the attack on gold Tuesday, 9/6/2011 and Wednesday, 9/7/2011, failed to live up to the Tuesday-Wednesday 8/23/2011-8/24/2011 attack, even using less volatile square roots.
The square roots of the gold price moved down 3.9% those 2 days in August and then started up again.
The square roots of the gold price moved down 2.2% Tuesday and Wednesday (and then started up again).
If that's all they have or they're afraid to dump too much on the market and never get it back due to gold crazy nations and individuals all over the planet, then gold and silver should be moving up through the $2,000 and $50 barriers very soon.
Nice post about gold, Gold has risen for the tenth straight session to over $1,592 per ounce rallying over 7% in the last ten days. This rally matches a record set almost 40 years ago. Technical analysts are pointing to this strength as a reason they believe gold will go to over $1,700 per ounce by the end of the year.
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