When those institutions need money, they will sell everything they have. Just like Friday's natural gas's case.
-moneygrubber(与熊共舞);
2008-3-16{246}(#28447@43)
Bear Sterns' joint venture, Bear Energy sold a huge amount of natural gas to get cash for liquidity, and this caused natural gas's almost 4% down. Like the saying goes, when people are pouring out bathing water, they pour out the baby with it.
That is because Japanese currency rises against US dollar. If Canadian dollar does not fall as much as US dollar and you buy Gold using Canadian dollar, you may not get the percentage of US dollar's gold price.
-moneygrubber(与熊共舞);
2008-3-16(#28442@43)