Gold Brick

Gold brick: So much for the recent rally! Traders and investors rushed to exit from the yellow metal today as a surging US Dollar against the Euro made Gold less attractive to foreign buyers. After starting off the holiday shortened week making 4-week highs, it has been all down hill for Gold with today's sharp decline negating the potential upside breakout on the daily charts. Commodity funds, who were big buyers in the entire metals complex on Tuesday, were the main sellers today, cutting their losses and triggering speculative sell-stops once the December contract fell through support at $635.00 and $630.00. Read More....