All the fundamentals would suggest that we are going to stay at these high prices. Inventories are low, the market is tight and China is a big buyer.
It's just a nail in gold's coffin.
The fundamental feature was the strength of the dollar versus the yen -- and statements that the Japanese won't be supporting the yen. And no one wanted to be long in gold over the weekend.
The political hedge used to be a major source of demand for gold. But it is no longer there at the moment.
The world's relatively calm and no one's expecting World War III anytime soon.
There have been a lot of problems: the Nikkei in Japan hit 12-year lows, there was fear the Russians would dump metals, and the Dow is off 20 percent in the last six weeks.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.