RE:How low for Gold ?
Well, whatever it is the COMEX is doing is working. Gold price has dropped off a cliff over the last couple of months.
USD Index is at its highest level since June 2010.
Bitcoin under $400USD as well.
I wonder how many mines will go on C&M if/when gold reaches $1200/oz.?
Could make for some generational buying opportunities in the PM space if bottom can be identified. Then again, I've used that term before and it didn't quite work out in the end.