What Happened to the Price of Gold Lately?
Why price of gold is sliding in the last 2 weeks, or so? My guess is, that investors (and speculators) lost interest in this precious metal, when the US dollar strengthened, and credit crunch worries abated…
However, I don’t think the whole truth about how unstable the US economy and finances are, is appreciated by the public. My experience tells me that there is going to be mass exodus from shares and cash deposit, toward the gold stocks. And then, watch for the price of gold to reach and go above the $1,000 mark…
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