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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Paxb2u who wrote (82362)10/23/2008 8:37:01 AM
From: KyrosL2 Recommendations  Read Replies (4) | Respond to of 94695
 
There could be a non-conspiracy theory explanation for gold's fall: the global recession and de-leveraging is killing demand. For example, look at other precious metals. Palladium is now selling at 10 year lows, way below cost of production in North America. Rhodium crashed from $10,000 to $1,500. Platinum from $2000+ to $850. Gold is actually holding up a lot better than those.