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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Bullion upside reversal confirmed by mining shares

Posted on 21 August 2013

Bullion was mauled in the overnight session, when thin volume facilitates cartel price management. As can be seen with the overnight session’s sharp decline, this was not the typical stair-step downward move that would be considered normal profit taking following last week’s big gains.
In fact, the regular session on Monday saw normal profit taking during London and New York trading sessions. Who in their right mind would try to exit large positions for profit taking during the most illiquid period during Tuesday’s overnight session?……………………………………….Full Article: Source


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VRS - who has written 39496 posts on Opalesque Commodities Briefing.


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