DislikedAuther it seems to me there is already a short in play,
Gold is still struggling with that downtrend line from 1250 - I posted a chart with it in it for reference.
Be careful though. When the price gets a bit lower there may be some explosive longs coming into play.
Good luck,
XIgnored
I will short Gold soon, for the following reasons
- Physical Demand in India weak
- Bernanke's remarks yesterday wrt Gold and Inflation
- Decent numbers from China. Also i read somewhere that China feels investing in gold is illiquid.
I wonder if they make such statements so that the value reduces and they end up buying Physical