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Will Gold price go up or down?

Will Gold price go up or down?
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Economy
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Description

The price of Gold futures was $1,324.30 for the August 2014 settlement after trading 7/09/14. Will it go up or down from here? We will look at the same Futures Contract on 8/27/14 to determine the bet. The bet will resolve at end of trading on 8/27/2014.

Decision Logic

After close of trading on 8/27/2014, the price of Gold Futures for August 2014 Futures Contract (GC) will resolve the bet.

IF GC price is above $1,324.30, 'UP' will win.
IF GC price is below $1,324.30, 'DOWN' will win.
IF GC price is exactly $1,324.30, BET WILL BE CANCELLED.

CLOSING IN2014-07-31 20:00:00

6:49AM, Jul 10, 2014 UTC

8:00PM, Jul 31, 2014 UTC

9:15PM, Aug 27, 2014 UTC

RESOLVED AT 11:43PM, Aug 27, 2014 UTC

Total Volume: 0.0650

This bet has been resolved!

The outcome was "DOWN"

0.065 was split between 3 bettors.
UP
Volume:0.0500
0.17925
# of Bets:1
DOWN
Volume:0.0150
0.033425
# of Bets:3

Discussion

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issamxml 4:24PM, Jul 20, 2014 UTC
Cool!.
chakudaku 6:51AM, Jul 10, 2014 UTC
Arbiter will be data as shown on wsj.com at close of trading (5:15 PM) on 8/27/14.
chakudaku 6:50AM, Jul 10, 2014 UTC
Be advised we are betting on Futures Price for August 2014 settlement, not SPOT price of gold on that date.

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