Fed hints at taper, Hayekians everywhere stunned as gold plunges

"Gold in post-Fed 'bloodbath', hits 2 1/2 year low"

 

Not surprised one single bit. People are dropping everything to cover margin.

 

And I'm not surprised austerity has robbed this "recovery" of critical mass, making it highly sensitive, or that investors know it.

 

I'm sorry, what austerity was that, again?

 

Further illustrates your complete lack of understanding.

 

Well, then tell us. Whats been cut? Or could it be that this Keynesian experiment of the past 4+ years has failed?

 

Of course gold is down, do you understand basic economics?

Interest rates go up, dollar goes up, commodities priced in USD go down.

 

Ricter understand economics, are you serious?

 

What "austerity", dumb ass?

 

this is complete nonsense ricter, while it is usually a myriad of factors that move the market, THIS INSTANCE is easily and certainly attributable solely to QE. Specifically that it might be cut back. In case you didn't notice, the market went on an absolute tear after the sequester went into effect, despite the best efforts of this filthy administration to make it as painful to the public as possible. no one cared though, lol, we could cut govt 10x harder than the sequester and not only be fine, but much stronger in time. Start with the NSA.