Gold getting stuffed overseas

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Babaoriley

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Gold getting stuffed overseas

posted on Apr 05, 2009 07:35PM

The G-20 stuff has people thinking everything is okay? Technically, this can't be good for gold, although this strong move down was foreshadowed by the action in the gold stocks on Friday.

Financial stocks will likely lead the market higher tomorrow, this rally is turning into something serious, and some that play gold as a safe haven will likely buy no more gold for now, or liquidate some and play the general market.