LOL But I wasn't kidding... I will buy a pair of Prada shoes for 500$ knowing that it costs them 40$ to make it. I won't buy gold for 1400$ knowing that it costs 400$ to extract it, not even if the gold bugs demand sends its price to ridicolous levels.
Gold and silver: What say you ? Is this a dead cat bounce ? http://www.elitetrader.com/vb/showthread.php?s=&postid=3781618#post3781618 You can leave your comments on THIS thread, not the one the link is to.
Gold flash crashes just now <iframe width="420" height="315" src="http://www.youtube.com/embed/MagCoUYvIXE" frameborder="0" allowfullscreen></iframe>
This does not appear to be a 'flash crash', just a selloff in a downtrend that tests the recent lows, but hasn't hit them (1321).
I'm not going to trade this sucker (too nutty for my blood) but definitely curious to see how it behaves here. Currently 1354.5 or so, nice little retrace off the quick down-move.