Discussion on this weeks Down.

SHARE YOUR VIEWS

Our Firm was today Looking at Volume, Buy in and Out, And other things, to really Analyse this was "PROFIT TAKING" or something else.

As we were moving Towards end of NY Close, the prices started to drop - TRUE?

What we feel, that All the traders (NY) thought to relax, close there ALL Positions, before Wednesday CPI and Bernakes Testinomy, Cause they felt they wouldnt get chance to go out on Wednesday, so heavily, Now what we feel, this could be SIGNS that Bernake Speech and CPI data could be something AGAINST DOLLAR, and then Gold/Silver will pick up from current Levels, we shall wait for the datas/Speech tommorrow.

Lets Discuss a little :-

What were reasons this week for a Big Massive Down

1) Cause of Rumours - Ok if rumours, SUCH A BIG DOWN ?

2) Profit Taking - SUCH A BIG PROIFT TAKING ?

3) SAME MONDAY - ARE THEY TRYING TO MAKE INVESTORS RUN AWAY, AND DONT INVEST AGAIN IN PRECIOUS?

We dont think so, Such Above things dont Look LOGIC, And if we look Technical Fundamentals, GeoPolitical Situation, Crude Oil Price (Were up as well on Monday), Iran, NK, India, Mid-East, NK tensions, And many other things, That should have Pushed Gold and Silver

This is Certainly looking clear, People thought to close there Positions before Wednesday.

Now we wait for CPI and Bernake, And we hope the data and Speed Bernake Pin Points comes in Favour for Gold/Silver,