gold down 220 dollars so far, page-13

It's now down $325 to $1225. That's $325 an oz off the net profit per ounce for unhedged Australian producers. Many of the unhedged producers took out hedging near the bottom of the market and dehedged near the top. Genius. You can't say I didn't try to warn you. People have lost confidence in the shiny metal bars, they want real assets now, paper assets.