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OK, rather than argue about Le Metropole reposts, how about we
actually talk about what the gold market is doing?
Based on all the furor over Larry's posts, I've been watching the
silver & gold markets lately. Looks like they tanked fairly severely
(5%) in the last 2 days. I would have guessed the PPI numbers and
AG's comments would have *lifted* gold, not killed it. On the other
hand, the drop started midday yesterday, so something else must have
started it.
Any guesses what caused this sudden drop, and how far it's likely to
go?
The XAU is down about 17% from its high a few weeks ago. Maybe the
price pop was just a temporary aberration, and it's going to continue
on its downward course now?
Seems to me, though, that if the stock markets start to tank (which
seems more and more likely) that gold will likely find new strength.
Correct?
Gary
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