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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: gold$10k who wrote (42731)4/16/2013 4:32:06 PM
From: Harmens   of 48092
 
Gold,

I agree with your reasoning. I'd just add that it is not only "overleveraged longs", who sold the stocks, but many other traders who will be spooked for quite while with any new development.

Raising the margin requirements is not a small potato, but COMEX/London Fix physical default will play as the support for gold.

Harmens
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