Some big players selling off their gold holdings in the first quarter of this year including George Soros who sold almost his entire holdings. Yet in May it peaked at $1575 an ounce. The annoucement today of George Saros's selling dis not spook investors as gold is up today in Asia. The buyers are still there. Also, the USA needs to go to Congress to increase their credit limit of face liquidity problems. I doubt very much that Congress won't buckle and increase the limit which will send $USA down and commodies straight back up again including gold. Also fall in USA and gold at $1411 $AUD makes NCM look cheap at around $38 when it was sitting above $42 in April when gold was $1380 AUD
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