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it is bouncing now.
patience... always try to let it play out.
can't ignore the tail on the green 2 days ago. fuck, it didn't pull back enough to hit my price and it's going up now.
lots of rumors and conspiracies that the metal fall was caused by someone selling 400-500 tons of gold that day. the conspiracy theorists say it's the fed. others... well whatever, it happened. it happened in feb 2012 too. and before that. someone's doing it every so often periodically. perhaps buying it all back over the next few days. I mean if u had a billion dollars to play around, and u knew if u sold 500 tons of gold it would kill all the stops and start a panic short sell.
then u buy it all back slowly over the next few days, and it recovers, you just made a crap load of money.
anyway i am sure it will pull back on the daily chart (at least a bit more, if not all the way back to the averages). after it does that then we can assess if it's going to go down again.
that's what i read now, it could be totally diff in a few days depending on the charts. we'll see.
Last edited by Ulic Qel-Droma; 04-18-2013 at 01:38 AM.
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