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Fed's Operation Twist High-flying Gold Crashes in Record $100 Freefall (XAU.X) Gold & Silver Index

Date: 9/24/2011


Gold Index Market Commentary - Operation Twist High-flying Gold Crashes in Record $100 Freefall (XAU.X) Gold & Silver Index.

Fed's Operation Twist High-flying Gold Crashes in Record $100 Freefall (GLD). Learn what happened to "gold prices" as the "federal reserve" steps in and creates panic by hiking margin requirements and creating global uncertainly.Gold prices could rebound next week as "dip buyers" seek to buy the metal up at prices not seen since August.

On a weekly level the GLD declined by $16.13 or -9.16%.Market makers understood that gold prices were too high and the XAU had gone up too far too fast and it was ripe for a pullback.In this live gold trading market commentary on the (XAU.X) SMF will discuss the outlook for gold and silver prices.

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