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<p>[QUOTE=&quot;desertgem, post: 1324972, member: 15199&quot;]I&#039;m wondering where people see panic selling of gold. If you watch the volume each tick during the day, such as every 2 minutes on my chart, you dont see many spikes, it is many fewer bids than offers, so the price drops. They are going to safety, cash, or a USD/Euro trade. The volume of GLD was only about 2.5x average volume, unfortunately most was selling pressure. Bullion is great for traders and accumulators when the trend is upward, but when it starts to decay, watch your nuggets <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> I am shorting the Euro through EUO , and holding the gold, as I see less hope in the Euro zone. I think the limit of the USD as a safe haven is around 83-85, so until then, I suspect, commodities will be subject to more drop. But I still see no manipulation in PM, just little interest overall. By the way GE might be a good stock to hold for the next few months as it is fairly safe and has a 3.6% dividend. IMO. Go with the flow.[/QUOTE]</p><p><br /></p>

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