RE: RE: Price of Gold... ouch This from an article in the Globe:
"Michael Hewson, senior market analyst at CMC Markets, said gold, for so long a preferred investment for the risk-averse, is now nearing “precarious territory.”
“Currently at three-year lows there is a risk we could see an even bigger selloff if the $1,300 level is breached significantly,” he said. “While the time line for the Fed exit strategy is very much data dependent and based on a whole host of economic indicators between now and next summer, gold prices have slid sharply as the dollar goes sharply bid across the board.” "