cyprus---the latest, page-36

"I thought the Cyprus situation would be a catalyst for gold moving higher- because it sends out a very strong message to hold physical gold if your money in the bank isn't safe from confiscation.

The fact the gold price has headed lower has me confused (once again!)"

iantheoracle,

The gold rally already factored in ie pushed through 1600 psychological barrier before announcement at the start of the crisis lastweek. All those bulls thinking this was time to buy gold had already bought. When deal done there was no more fright hedging hence it falls. Same principle to end of last year's Fiscal Cliff scenario.