GOLD
DROPPED 2% ON THURSDAY, DUE TO MONTH-END BOOK SQUARING AND SELL OF BIG QUANTITY
BY INSTITUTIONS. BULLION BROKE $ 1200, SUPPORT ALSO.
GOLD
TUMBLED $ 200 (NEARLY 15%) IN JUST 10 DAYS. IN 2ND QUARTER OF THIS YEAR IT MAY
DROP 25%. THIS IS THE BIGGEST DECLINE SINCE 1968. WHEN THE DECLINE IS SO SHARP,
INSTITUTIONS GENERALLY SEE IT AS BUYING OPPORTUNITY. BUT INSTITUTIONS ARE
SELLING YET INDICATING THAT THEY ARE WAITING FOR MORE DECLINE.
HOLDINGS
OF THE SPDR GOLD TRUST DECLINED 16.23 TONNES OR 1.7% AND ITS STOCK IS LOWEST
SINCE LAST 4 YEARS.
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