The blogosphere is abuzz this morning with the 1000 point sell off in gold.The sell off came after the main highlight of the day which was the ECB event materialized on market expectations. But few were ready for what Ben would say later in the evening as he dropped a hint that QE3 may not materialize.
Thus began the big sell off.
And we were ready much before the 8 pm event, our sell counters were picking up enough signals to suggest that something was amiss and we were ready with a sell in Gold at 4.00 pm and a sell in Silver at 7.00 pm.
Silver :
The day ended with 934 points of profit in Gold and 3795 in Silver.
Trust OrderFlow to always keep you ahead!