..the August 2008 panic when gold dipped below $US 800."
So much for gold been a hedge against crisis. More like gold just tracking the movement of stocks and commodities in general. With the European debt debacle continuing to unfold, I remain bearish on stocks, the euro and commodities during any potential panic in financial markets.
But I'll turn bullish gold below $800 (silver $8) when extreme negative sentiment readings on the precious metals scream buy!
