Yesterday’s gold slip has today been made definitive. Gold $1,100 has been smashed, we’re now near $1,085.
It’s quite a conundrum for investors looking to use gold as a hedge. U.S. GDP was just reported lower than expected, which means the fed’s punch bowl is more likely to stay around. Yet gold is falling. Buy on dips?
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See Also:
- Canadian Mint Reveals How It Miscounted Its Gold And Lost Millions
- The World’s #1 Miner Succeeds By Completely Ignoring Gold
- Doug Kass’s Big Surprises For 2010: A Dollar Surge, A Gold Collapse, And Goldman Sachs Going Private