fire! fire! everyone's running to the exits ., page-3

the gold price slid on fears that the fed will end or at least vary the QE.
this is one day after the fed single handedly bought 70 billion in UST bonds.
markets are down too, nobody loves free money like the investment world & wall street.
the squeeze on gold has been building momentum, the announcements by soros and the mainstream press have played into this fear and now the unsure are watching as the price tumbles.
not a pretty picture!!!!!

but any effect it has on gold could be nullified somewhat by the forex AUS/US $
the financial system is in reality like an eco system, one part may suffer, but ti might give an opening to another.
for teh record I still hold the opinion that GOLD is about to break to the up side, once the printers start ( in new zealand/ sout korea/ mexico/ brazil etc etc ) people will forget the spin out of the FOMC and see they are just as aggressively pursuing a manipulation on their currency.
i do NOT see GOLD as being over valued, but if others are happy to accept less for what they are selling, then i guess they have their reasons.