Gold slaughter underway
Gold is down $70 below $1500 for the first time in years. Silver whacked to Oil down too as market worries about Zimbabwe Ben pulling out later this year.
This could get a lot uglier as leveraged futures holders get margin calls and are forced to sell. Those with physical gold and a long-term view? Buying opportunity. As Carmen Reinhart just said, the crisis isn’t over and inflation (devaluation) is the only way out.
2013-04-12 09:02:37
Source: http://www.wcvarones.com/2013/04/gold-slaughter-underway.html
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