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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (63275)2/2/2007 1:25:38 PM
From: Mike Johnston  Read Replies (1) | Respond to of 116555
 
I have the same feeling.

They must employ traders with a sense of humor down there.

-g-

I will just repeat what i said before. The CB's did not like the breakout in gold the other day that was projecting $730 as a target. I don't know if it was ECB's turn to sell or the Fed's.



To: bart13 who wrote (63275)2/2/2007 5:11:48 PM
From: TimbaBear  Respond to of 116555
 
And some big, price insensitive seller in gold, just 2 days after a huge technical breakout.

My guess is that it was the IMF. There was a story this week about them needing to sell 400 tons to free up cash.


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