Once again, the notion that uncertainty and volatility is great for gold is disproved violently.
Here’s the Amex Gold Bugs Index over the last 5 days. That’s a decline of about 11%.
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See Also:
- Selloff Continues Through The Night: Asia Crushed, European Bank Shares Tanking On "Volcker"
- Bullion Lease Rates Slump Ahead Of Gold Sell-Off
- Jim Rogers: All The Commodities Are Cheap… Except For Gold