SI
SI
discoversearch

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 : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (42731)4/16/2013 4:32:06 PM
From: Harmens  Respond to 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



To: gold$10k who wrote (42731)4/16/2013 5:44:47 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 48092
 
Also makes sense this close to options expiration that prices will be held around these levels or lower thru this Friday. Again let's see what happens to physical supplies at these prices. Thus far if the stocks are leading it's still looking like more downside awaits.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News