Posted on 08/24/2011 1:15:58 PM PDT by NormsRevenge
Gold prices are plunging as investors grow more confident about the global economy.
Gold fell $104, or 5.6 percent, to settle at $1,757 an ounce Wednesday. It's the steepest percentage drop since March 2008. Gold is still is up 24 percent for the year.
Investors have been buying gold because of concerns about economic weakness in the United States and Europe ..
Recent economic news has been more encouraging...
(Excerpt) Read more at finance.yahoo.com ...
There were two margin increases, one in Shanghai, and one at CME, in the states.
But the real reason is option expiration is tomorrow. The manipulation tends to get thick at this time. It’s like clock work.
As to the economy getting better, they can’t have the sheeple waking up, now can they? Can’t have gold looking like a safe haven!
Nothing in the macro-economic world to justify this. If the Fed announces on Friday a decision to print more monopoly money, watch gold soar once again as the dollar wilts.
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