How could gold keep trading higher after the bell? Where are the people who set margin rules? Where are the sellers? How can this be?
That's what so many were buzzing about this evening. I know that many, many people thought that gold was a sell or a short today. I am continually confused by that. What has happened to make people feel better and want to shun gold?
All day in Twitter, I read people sending messages to @Jim Cramer, telling me that gold can fall a heck of a lot faster than it can climb and that i better get my followers out of it.
Why?
What's the worry here?
Does anyone really have enough gold?
I think today's action is a prelude to something that's being priced in for Europe, some disaster that I can't really get my arms around.
You just don't get this kind of late-night move with nothing going on.
Gold is the single most worrisome sign in this market. Spending the night trying to figure out what gives.
Don't know yet.
