Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 143.83

-4.4%

Jan 29 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: AC Flyer who wrote (69962)	5/22/2001 10:29:57 AM
From: Bruce Robbins	Read Replies (1) of 116932

From UBS Warburg Precious Metals Daily Update: thebulliondesk.com "Trading: In New York gold opened strong on buying from one large US investment bank before the open but the metal ran repeatedly into resistance around the 292 level. Although it appeared as if the metal was going to establish a new range of 289-293 but hard selling from one US bank pushed it through the 288 level whereafter gold shot down to 285, triggering further liquidation from speculators. After a quiet session in the afternoon, some last minute window dressing from funds saw gold trade up a dollar-fifty into what was still a weak close. In Asia, gold traded down from the open after Australian dealers sold it down before it ran into Tocom related buying, perhaps profit taking from the previous day. Further selling from one local bank saw gold at the session’s low before good bids were seen from a large European bank."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next