Precious metal (gold) is dropping down below USD800 since yesterday market opened at USD818.70 and closing at USD768.70. It is about 5000pips drops in one day. Even it is not the popular drops, but it might hurt when the 1st day of month the price were drops.
Mostly the factor is the investor it self. They take profit due to year end sales possibly. Who don't want any profit if their lost is bailing you out from loss?
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Tuesday, December 2, 2008
Profit taking
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