Gold was holding on nicely last week in the face of the IMF and Bernanke’s semi-tightening, but it’s giving that up, and now it just looks terrible.
Next stop: 1100.
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See Also:
- Want A Non-Productive ‘Hard Asset’ With Psychological Value That Beats Gold? Buy Collectibles And Art
- Gold Begins To Wilt, Heading Back Towards Crucial $1110 Battle Line
- Gold Survives Body Blows From IMF And Bernanke And Is Now Above $1120
