I guess Gold going from $250 to $900 is called "collapsing"
I guess that last trade really dented his pocket book!!!!!
"Turning then to the gold market, firstly we really cannot
recall a period of four hours such as we witnessed
yesterday in gold when prices rose $15/oz on no news
and when prices then fell $20/oz on the same “no
news.” The bulls were initially enthralled and the bears
demoralized, and once that was done, the bears were
then enthralled and the bulls undone. We are open to
suggestions as to why
this happened. We’ve
none of our own,
except to note that as
gold soared to $915
we received far more
than the usual cryptic
comments from the
Gold Bugs as to our
obvious level of gold
market stupidity.
When gold collapsed,
we received nothing in
the way of apologies. They were too busy meeting
margin calls, apparently."