Its coming faster then you think.Last week gold had its deepest two-day plunge since 1983 and must have hurt some trading books.Down in Asian markets right now
What's the most gold every dropped in a day? I'm thinking maybe $140 or a little higher. Really worried about a huge sell off this week. Countries need cash to pay bills, banks, payroll, etc.Gold ripe for major correction.
What else can be expected when a metal goes from 400 to 2000 an oz? It's going to come back down sooner or later.You may be worried, but I'm hoping it comes down. Shorting gold the whole way down is step 1 of 3 of my early retirement plan. Call me a cynic.