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As Gold Briefly Hits $1,800, Traders Fear Party Is Ending

posted by Avatar fxhottie 285 days ago in Technical, Fundamental, Gold made popular 285 days ago

As gold topped a record $1800 on Wednesday, traders that are long gold [GCCV1 1768.20 16.70 (+0.95%) ] began to get nervous that they were behind a trade that may not have any potential new buyers left. After all, a trade only keeps working if you can find someone else who wants that particularly security or commodity at a higher price.
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