chances ncm will reverse tomorrow?, page-12

what a nightmare,,,20% in less than a week,I think they covered alot on the close, but thats nothing in comparison to what they have done....

off the newswires...as gold takes a tumble to 946.....

DJ MARKET TALK: Gold Likely To Test $940; Profit-Taking Continues

0346 GMT [Dow Jones] Spot gold at $951.75/oz, down 35 cents since NY close, after
overnight profit-taking took gold sharply down from yesterday's intraday high of
$978.45. "It's very volatile. I suspect there is more profit-taking to come and
we will test $940 and even $930 in the short term," says Peter Tse, head of precious
metals trading at ScotiaMocatta in Hong Kong. Says nothing had changed in terms of
fundamentals, this likely to be corrective phase in gold's uptrend rather than long
term trend reversal. Adds hard to identify which cues to follow as gold not trading in
any particular pattern with stock or forex markets this week. "Funds are moving from
one market to another. It's fund flows rather than fundamentals that are deciding
direction at the moment." (JAC)