Back in The Channel Again – 21% Gold Margin Hike (GLD)
|GOLD daily.. and 30 min inset – notice the price fell straight down to the lower up-trending line 1635ish. this trend was last test in mid july.. only to recover.|
At first those on the street thought Paulson was liquidating his gold fund… but the truth comes out – CME hiked gold margins 21% this evening.
. Someone got wind say… 70 GC points ago? Guess the CME needs to figure out who is leaking their oil because the crank case is gonna burn the hell up.