A logical reason for gold's temporary fall

  1. 9,081 Posts.
    This extract from today's Bullion Desk newswire might help explain a few things:


    "Leonard Kaplan, president of precious metals consultants and traders Prospector Asset Management, argued that much of Tuesday's across-the- board weakness was due to margin selling by funds needing to finance the losses suffered on the equity markets, and also the booking of profits.

    As a result, he argued once the margin calls had been met and the profits made, those players would likely re-enter the gold market as buyers to take Aug away from its current lows. "

    Cheers

 
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