Quote:
Originally Posted by will76
That's dumb man. The gold drop has been just in the last couple weeks with most of it in the last couple days. When the market to the huge plunge and dropped from 12,800 down to 11,000 a couple months back, gold shot up from about $1500 to $1800 during the same time. The market has been bouncing between 10,800 - 11,500 consistently the last several weeks. The market going down usually makes gold go up, not people selling gold to make up for market loses.  Even if your logic was true, the stats the last couple months don't support it. |
Oh? What's your theory? If it's a bubble pop, what's the stimulus that popped it?
The news is packed with end to end 2nd recession stories, euro dissolution, mediterrean default - not the kind of thing that one would expect to pop a gold bubble.
But the kind of thing that can provoke a margin panic among the investor class.
We shall see. I got the "sell what you can" line from the commentators - they didn't apply it specifically to gold, but gold is kind of the red headed stepchild of investing.