Gold, copper, oil plunge as Greece crisis weakens euro
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Gold, copper, oil plunge as Greece crisis weakens euro
- Tatyana Shumsky and Matt Day
From:
Dow Jones Newswires
May 09, 2012
7:54Am
four-and-a-half month lows amid fresh worries about Europe's debt
crisis.
The failure by Greeces political parties to form a coalition
government spurred investor demand for cash and sparked a wave of
selling in the gold market, pushing futures briefly below the $US1600
mark and to their lowest settlement price since the first trading day of
2012.
Last edited by Dirtbikepilot on Wed May 09, 2012 12:11 am; edited 1 time in total
Re: Gold, copper, oil plunge as Greece crisis weakens euro
Dirtbikepilot wrote:
- Tatyana Shumsky and Matt Day
From:
Dow Jones Newswires
May 09, 2012
7:54Am
COMMODITIES crashed overnight, with gold and oil plunging to
four-and-a-half month lows amid fresh worries about Europe's debt
crisis.
The failure by Greeces political parties to form a coalition
government spurred investor demand for cash and sparked a wave of
selling in the gold market, pushing futures briefly below the $US1600
mark and to their lowest settlement price since the first trading day of
2012.
This is a good thing and an indication of just how far things have progressed. This is the part that requires steady hands. Dont let them shake you out of the tree. Hold firm and ignore current prices, there's nothing else will touch you in the home straight.
Bulldog- Posts : 611
Join date : 2012-05-02
Age : 75
Location : Perth
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