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Commodities Briefing - Categorized | Bullion/Gold, Trends more

Can gold keep its luster in 2013?

Posted on 07 December 2012

Gold took a double hit recently based partly on a news item from the rumor mill that a large fund in Asia was selling to “run the stops.” The sale looks like a carefully crafted trade prepped and successfully executed by a well known $14b U.S. fund, according to one source.
Prior to the sale there had been an unusually large purchase of gold ‘puts’ — a leveraged options play that profits from a downward spike in prices. There had also been some early selling on the overnight electronic platform presumably to test the waters before the big guns fired a devastating salvo………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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