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
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17 comments:

  1. D22 ZoneFebruary 12, 2011 at 6:37 AM

    thanks for the information!

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  2. JimFebruary 12, 2011 at 6:40 AM

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

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  3. RaikuFebruary 12, 2011 at 7:11 AM

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

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  4. Ion762February 12, 2011 at 7:19 AM

    good info sure the trend will continue for some time

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  5. Obi-wan MikenobiFebruary 12, 2011 at 7:23 AM

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

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  6. JorgeFebruary 12, 2011 at 7:56 AM

    Maybe I should go cash my gold while I can.

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  7. swagdigitalFebruary 12, 2011 at 8:20 AM

    I predict that it will fall much lower than that.

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  8. EvilcrystalFebruary 12, 2011 at 8:36 AM

    The world's falling apart XD

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  9. BrandonHeatFebruary 12, 2011 at 8:46 AM

    Gold is gold, it will start going up again.

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  10. Jazz bazookaFebruary 12, 2011 at 8:47 AM

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

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  11. Infinite EchoFebruary 12, 2011 at 8:50 AM

    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!

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  12. InnovationsFebruary 12, 2011 at 9:20 AM

    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.

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  13. AnonymousFebruary 12, 2011 at 9:39 AM

    Thank you for the information!

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  14. ScottFebruary 13, 2011 at 1:01 AM

    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...

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  15. Igneel21February 13, 2011 at 9:43 AM

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

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  16. Stuff that matters, stuff that don'tFebruary 13, 2011 at 10:33 AM

    Interesting. Maybe i'll buy some gold now then.

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  17. LeviuqseFebruary 14, 2011 at 1:11 PM

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

    ReplyDelete

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