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GOLD LOSING ITS SHINE—COMMODITY MARKET
        With investors moving money out of gold and silver, the futures tumbled at a breathtaking speed on intraday Friday night session which witness bloodbath and butchery of gold in the commodity market.  With commodity tips providers being clueless, gold futures for delivery closed at $ 1482.65 registering a loss of $ 82.25 or 5.26 per cent in intraday trading session.
        Investors were selling gold like anything; earlier when the bull rally was on, investors were rushing to buy gold.  The exact volt a face is taking place with investors having changed their trading strategy for gold intraday trade.  The bull run has been prevailing for over a decade.  Now at the first instance of a signal that the rally is fading, people are rushing out to sell gold in panic of trend reversal on technical chart.
        The scale and magnitude of the loss gave a shock to investors.  The best trading software struggled to find out where to put a hold on reigning down bullions.  But, the technical analysis says that bounce back in gold and silver is equally expected.  For the time being sentiment on gold the bearish no doubt about it and so is commodity market.
        Other factors, investors were taking money out of gold and silver notwithstanding the fact that the dip in US retail sales data released yesterday that also took equity market down.  Safe heaven demand in gold has virtually been wiped out. 
        The news that Cyprus would carry out sales of its gold assets spurred speculation that other countries in Eurozone too would follow suite thereby increasing the supply of gold in physical markets.  The risks to current prices of gold in the commodity market as skewed to the downside as we move though 2013 and the fall in the prices could end up being faster and larger than the forecast.
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