SPDR Gold Shares Message Board
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Spot gold is down 6% and GLD 6.7%. Silver is down 10.2% and SLV 11.4%. Thru thursday.
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I've read a couple articles today (april 14) saying that. The argument is that Bernanke has saved the economy from both collapse and inflation and better times are ahead and thus people are abandoning gold. I think it's just the opposite. Ben is scared too death the dollar will crash soon and that's why he told the banks to attack gold. The gold collapse last week was pure manipulation.
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I say yes. Down big on big volume. Not just gold but also silver ETFs and miner ETFs. And the sentiment is super-bear.
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Fed smashing metals to guard dollar against hyperinflation, Roberts tells KWN !!!
by biotechaag •Apr 12, 2013 8:27 PMI read that article earlier today and thought it made more sense than any explanation i've heard so far. Hard to see why else the PMs keep falling with all the economic trouble in the world.