Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Friday, March 16, 2012

Gold inching up after plunge

Gold at US dollar 1660 level after plunging to as low as 1640.
My position before Tuesday's release of US economic data at USD1,710 level posted a weekly loss of approximately 3 %. I guess that's just bad market timing: should have waited till Wedsnesday or Thursday when they revealed the banks' stress test results... Oh well, we all have our lesson to learn .. Cheers ..

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