My Blog: "With gold hovering near Jim Sinclair’s resistance point at $1,764, a trader out of London told King World News today, “I fully expect to have $2 moves in silver and $50 moves in gold as absolutely normal at this point. If you don’t expect that, you are not going to understand what is going on, but don’t forget that we are in August and you normally have juniors manning the desks.
This is highly unusual and we do have very thin liquidity in the metals. So that’s one of the reasons you are seeing things move so quickly in both metals. You are talking about a one minute bar in gold being a ten dollar range.”"
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9 years ago
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