Saturday, February 12, 2011

Gold is falling

The Egyptian President Hosni Mubarak has left his chair today according to Vice-president Omar Suleiman in a recent speech. The 'Rais' succumbed after 18 days of people mobilizations. The gold has begun to decline after news and in matter of minutes the XAU/USD has touch the $1,359.65 level from $1,366.50.

Currently the gold is pricing at $1,361.25.

Mubarak has resigned its position after almost 30 years on charge of the egyptian people. Right now the control of the situation and the power is on military hands.

source: http://www.fxstreet.com

18 comments:

  1. Gold was rising for so long it was bound to fall sooner or later.

    ReplyDelete
  2. I've heard Silver is going to go up hella high in a couple years.

    ReplyDelete
  3. good info sure the trend will continue for some time

    ReplyDelete
  4. Have you seen the massive street parties they've been having?

    ReplyDelete
  5. Maybe I should go cash my gold while I can.

    ReplyDelete
  6. I predict that it will fall much lower than that.

    ReplyDelete
  7. Gold is gold, it will start going up again.

    ReplyDelete
  8. good.. i think.. also i'm falloving you, not in person afcorse

    ReplyDelete
  9. Finally he leaves. Well I don't know much about economy but I hope that gold price doesn't mess stuff up. Thanks for the info!

    ReplyDelete
  10. gold actually isn't that great of an investment for the average person. It's only good if you have a ton of money to literally buy dozens of oz at once.

    ReplyDelete
  11. Thank you for the information!

    ReplyDelete
  12. I must say that currency movements and daily market movements for everything in general is rather baffling to me. I'd be interested in comparing my fundamental analysis ideas against your (presumably) technical analysis methods.

    I actually took a class one semester that focused exclusively on the relationship between currency prices and interest rates. Everything made sense, but I'm not sure I bought some of the models...

    ReplyDelete
  13. so in a few years we can look all pimping for less money?

    ReplyDelete
  14. yeah those street parties they are making defenilly is a sign they are happy

    ReplyDelete