So with the news about oil out oil prices are out but they are currently calling that crap and looking into it i think by Monday they will announce it was fluff news and at this point i think gold will go back on the rise. So I am going long on gold for Monday morning. Feel free to put your opinions in on this.
this too but the reason market is sinkin has to do with oil. hey if gold is a good buy for mark rubin im ill use that news and fear to make quick profits :)
In a downturn, the smart money seems to go to precious metals. On the macro, doesn't look like oil is at it's bottom yet. Euro banks are in a sad state and may drag everything (equities) down with it for some time.
@Livestockermarketman I think oil goes to around $18 a barrel before something is done. It drops to $25 with ease
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