...You can see this action in the hourly chart (FinViz) although I'm guessing (and that's really all it is) that the futures are going to bounce around in their new channel-$1440 to $1485 until the holiday demand from India abates....I was thinking gold would hold up until May 13, Akshaya Tritya, which is not just a Holy day but one of the most auspicious days on the calendar.
Yeah right.
Front futures $1431.80 down $36.80.
Apparently the demand, at this price anyway, has abated.
I've done the "_____is dying" schtick a few times:
Back in 2009 it was "Mexico hedges against falling oil prices":
Yeah, yeah I know. Cantarell is dying. So is Ghawar.Here's gold:
So what's up with this little bar bet via the Financial Times?...
Cantarell, The Second Largest Oil Field in the World Is Dying
Ghawar Is Dying
