Gold and Silver bopped hard

  1. 506 Posts.
    Gold and Silver hit hard in US trading,
    Gold down $10
    Silver down 13c

    i'm off to the PM dealer tomorrow see if they have any 100oz bars

    HUI down 12.5%
    XAU down 10.6%

    so the PUMP has stopped but the forces are concentrating on bopping alternative investments
    $310 and $308 need to hold on gold

    hmm who's going to give me cheap 100% unhedged gold shares on the ASX tomorrow?

    interesting to note that big derivative banks
    JP Morgan Chase (JPM), Citibank (C) and Goldman Sachs (GS) are down about 15-20% the last 2 days
    (although mostly due to Worldcom)

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