why Gold, Silver, Platinum, Copper, Palladium Down so much today -April 12, 2013

Why  Gold , Silver, Platinum, Copper, Palladium Down so much today -April 12, 2013

 

Very major psychological level hit on GOLD today to that sub $1,500 area- We have not see this level since July 2011 just before the big summer drop that year.

Will be interesting support level to watch for next week.

April 12 Gold Daily Chart – Stockguy22

Gold Major Drop today – April 12 2013 – $1,500 level – by stockguy22

 

 

Other metals like Silver, Platinum, Copper, Palladium also been hit as you can see from the finviz Scanner:  I like Finviz and how they put all the charts together but the link is here if you want to see it in the future or watch other timeframes : http://finviz.com/futures_charts.ashx?t=METALS&p=d1

metals all down today Gold Silver Copper Platinum Palladium – April 12, 2013 – Stockguy22 Finviz metal Charts

 

here’s a good article talking about the key $1,500 GOLD level that hit today :

http://www.theglobeandmail.com/globe-investor/investment-ideas/gold-suffers-long-term-chart-damage/article11147878/

 

Today the Metals drop bit time and is hurting Toronto Stocks since so much of relies on Metals. Just after 2pmEST the TSX composite  was down

12,331.89

-149.48

-1.20%

but Stocks also down and Metals Tracking ETF’s like : $ABX $GLD $GDX  $DGP  $SLV  as well as futures tied to any of the metals.

Gold Silver related Stocks and/or ETFs down big today – April 12, 2013 – Stockguy22

Hope you found this helpful since I’m not too happy with these drops today ,

 

Stockguy22

 

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