Hutch,
<<But why can't it just be due to a low inflation, growing US economy on the backside of worsening Euro-land economics? Maybe the FEAR of
Russia NOT paying their debts has caused a capital outflow? This
resulting in more pressure on financials in Europe, and was seen in early trading in NA.>>
Has there suddenly been more of all of these things in the last 48 hours to warrant a 3+ dollar drop in the price of gold today?
Hutch, gold is being held down .... the fact is, one does not have to look at one of those charts you are so fond of quoting to know where gold is going. All one has to do, is follow the news. If an event is unfolding where gold has traditionally been the safe haven (nervous markets, hedge fund problems, war etc.), then you can expect gold to be hit - it's that simple.
So - my advice to you ... chuck the charts and tune in your radio dial ... that's all you need.
Best to you,
MB
PS
<<Very good answers, for both you and scotty.>>
Your patronizing characterization of my answers is really not needed. |
