Gold is confusing me because it has been slammed along with the USD
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9lives
I tend to agree with some that the drop has been caused by margin calls as the recent rally contributed to decent profit margins. As it was hitting an all time high while everything else got hammered investors perhaps thought that it would be the right time to cash it in. Also, there is an increasing sense of fear from so called "stagflation" as Roubini named it. Furthermore, the rumor is that Ben is going to warm up his printing machines again. So, we could perhaps say that the fears we are seeing at the moment are somewhat unfounded if the rumor turns out to be true. However, if the FRI report isn't a positive one - there will be very little hope left.
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