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Gold, copper, oil plunge as Greece crisis weakens euro

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Gold, copper, oil plunge as Greece crisis weakens euro

Post by Dirtbikepilot on Tue May 08, 2012 11:28 pm


  • 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 Greece’s 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
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Re: Gold, copper, oil plunge as Greece crisis weakens euro

Post by Bulldog on Wed May 09, 2012 12:10 am

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 Greece’s 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.
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