[Patrick1]

There is no fundamental reason for gold to be so high, so it should be no surprise for a no reason fall.

[NormsRevenge]

I don’t cringe like I used to..

[Steely Tom]

Maybe people are selling gold to raise cash so they can buy stocks of nuclear power companies.

In five or ten years, we're going to look back and see that Fukushima Daiichi was the turning point for nuclear power. When it becomes obvious that a multiple LOCA in one of the most populated nations on Earth was just another industrial accident, and as gasoline goes past $15/gallon, people are going to start to demand nuclear energy.

[AngelesCrestHighway]

The market makes fools of most so a few can make a fortune...

[agere_contra]

The dollar still has safe haven status, and strengthened when the scale of the disaster became clear.

So everything priced in dollars went down (Uranium and Japanese stocks of course being a special case).

This not so hard.

[sten]

if the silver:gold ratio gets over 50:1 again, i’ll be swapping gold for silver.

then when it comes back under 30:1, i’ll be trading my silver for gold.

as of right now, gold ($1391.90), silver ($33.94) and the silver:gold ratio is 41:1

[filbert]

I heard an “expert” on TV (Fox Business) mention that the Japanese might be selling gold to free up cash to pay for the tsunami/nuke plant disaster . . .

[SampleMan]

Insurance companies selling to get liquidity for pay outs.

[ozzymandus]

Everything else fell, too. Why should gold, a commodity, be any different?

[grumpygresh]

Does anyone know if the Bank of Japan is selling gold to pay for their disaster?

[RegulatorCountry]

Institutional investors are having a collective forced fire sale in order to generate the cash for anticipated insurance payouts in Japan.

[Conservativegreatgrandma]

Right now gold is up over $4.00.

[Free Vulcan]

Any fool that doesn’t understand accumulation - markup/markdown - distribution deserves to get fleeced in the market.