GOLD DROP TO 1601 O/NIGHT .. CENTRAL BANKS AT PLAY OR BUY OPPORTUNITY

Au-mageddon

Au-mageddon

Active Member
Just concerns me a bit to see the shiny stuff drop $45 in hard gotten gains in one day (well 6 hours actually).

Any idea if there was a specific trigger or just the market messing with us again ?
 
Massive surge in US nonfarm payroll - unemployment allegedly falling from 8.5% to 8.3%.

Rather convenient given there's an election around the corner.
 
One could be forgiven for also assuming that as the gold price fell, the USD would also have firmed against the AUD. But it fell as well over the same time frame.
 
mmm....shiney! said:
One could be forgiven for also assuming that as the gold price fell, the USD would also have firmed against the AUD. But it fell as well over the same time frame.
Click to expand...

Yeah I was expecting the USD to have gone up against the CAD but unfortunately it didn't, gotta get rid of some that crappy green money :)
 
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