Replies to post #159 on Gold Futures Index (GOLD)

[MrMiyagi3000]

The dip is being caused by multiple factors:

1) continued worries over the European debt crisis
2) Higher margin requirements for gold trades that were announced Friday by the CME Group
3) fears due to another ression,people have more faith in the dollar than gold

*Any prediction on how low it will go is only a guess, but im prepared to load as much as i can once i feel a bottom has been reached

$GOLD - Daily Candlesticks