Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Gold sinks to six-week low
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Tuesday, June 23, 2009
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From Daily Crux Editor Brandon Herrin:

Our Short gold now post came out at the right time. Gold just hit a six-week low in London.

The yellow metal reached $912 in overnight trading. It's not surprising... as it seemed everyone and their brother was getting bullish after gold's big May run up.

For you chart watchers out there, gold is now sitting smack dab on its 50-day moving average.

Read full article...

More on gold:

The greatest gold story of all time

Why gold is headed for bubble territory

The right amount of gold you should own

World's best money manager owns astounding amount of gold stocks

Topics: Gold | Commodities
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