Market Emergency [5/6/2010] - Printable Version +- Deep Politics Forum (https://deeppoliticsforum.com/fora) +-- Forum: Deep Politics Forum (https://deeppoliticsforum.com/fora/forum-1.html) +--- Forum: Money, Banking, Finance, and Insurance (https://deeppoliticsforum.com/fora/forum-7.html) +--- Thread: Market Emergency [5/6/2010] (/thread-3699.html)

Market Emergency [5/6/2010] - Ed Jewett - 06-05-2010 Market Emergency May 6th, 2010 Update: Gold Gaps Sharply Higher Via: Kitco: Gold futures got another boost of buying power after the official close of Comex trading Thursday, pushing to a fresh five-month high of $1,209.20 an ounce, basis June futures. Bulls got another technical boost as gold prices shot past what was psychological resistance at $1,200.00 an ounce. A plunge in the U.S. stock market as traders watched on television rioting in the streets of Atens prompted the heavy buying interest in gold, on a safe-haven move amid the keen uncertainty in the markets at present. Gold prices are now within striking distance of the all-time high of $1,227.50, basis nearby Comex gold futures. —End Update— Update: I Have No Idea What Happened All I can tell you is that I don’t buy any of the alleged explanations I’m reading at this time. —End Update— Monitoring… Dow Jones Industrial Average, One Minute Interval