There is one reason alone for the gold market smash.
It was done to try to uphold a failing US Dollar
The pressure is on for the US$ to fail again Whether its from QE that is not going to stop Or from a another downgrade of its debt Or something completely out of left field I don't know
But the reason nothing makes sense right now is simply the fact the info we're being fead id b/s
The US economy is NOT improving A 70% consumer driven economy does not improve when that consumer is unemployed in rising numbers
Watch this video, the USD and Gold a linked inversely Have been and still are today
The USD continues downward against other currencies in the world and that trend is not changing regardless of the b/s for the media.
So what do you now think? http://symmetricinfo.org/2011/03/what-is-the-relationship-between-the-us-dollar-and-gold-prices
SAR Price at posting:
24.8¢ Sentiment: Buy Disclosure: Held