Tuesday, May 15, 2012

Gold Daily and Silver Weekly Charts - More Liquidation on Greece and Facebook



More concern on Greece and what will happen if it leaves the Euro had traders fleeing risk and commodities including gold and silver.

There is also quite a bit of secondary liquidation being done as traders raise cash for 'the Big Flip' when Facebook comes out after the bell on Thursday.

Expectations are for the stock to price in the 30's, and then run up in the secondary market into the 60's

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