Nice down move in Gold

Discussion in 'Commodity Futures' started by flipside21, Jun 21, 2012.

  1. Talk about a delayed reaction to yesterday's Twist. No, I'm not short Gold in case you were wondering in the back of your mind.
  2. I, unfortunately, own gold. Why is the dollar going up?

    I saw the run up after the fed's comments and figured that would hold, only to see it fall. I'm just speculating here, but it always feels like gold goes down with everything else when things are bad, then when people look like they need a safe haven, they start moving to gold after the fact. I'd like to see this go back to $1700, and I feel like it's doable, but the dollar rallying is going to cause problems.
  3. The gold trend is starting to bend.