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.
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
here’s a good article talking about the key $1,500 GOLD level that hit today :
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
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.
Hope you found this helpful since I’m not too happy with these drops today ,
To get my live charts and live trades join our GOLD membership only $7 Trial
Join us at our Weekly Free Webinars here: https://www1.gotomeeting.com/register/868331328
We review futures and stocks at our Free Saturday Weekly webinars so sign up above and see you there