gold breaks out, page-440

danhoff,

Looks like the skids are under gold, the support level's given way, the WSJ reported a couple of days ago that punters are losing patience, and you might want to consider this from the latest Barron's:

"Commodities have admittedly softened a bit in the last few weeks, but at the same time they are also quite high in light of the current growth expectations.

If the world were truly in trouble, wouldn't Brent crude be closer to $75 a barrel than the current $112 it's selling for today? Likewise, why is copper selling for around $3.70 a pound, instead of something closer to $2.50?