First of all, if you cannot withstand 100+ point moves, then you should go nowhere near gold. I pointed this out when the metal had cleared 1,000. Until 1,000 is broken to the downside, the trend is your friend.
If you're buying gold for safety you probably need to be adding some guns and ammo to that investment.
THe math people are using is that it takes ~ 100K per year to create and maintain a 50K per year job. So 200B will only create ~ 2M jobs for one year. So, the 200B will hold Congress over until after the election with a maximum of 2M jobs created. Long term, it wil take ~ 1T per year to maintain the 10M jobs our country needs to add.
Funny thing is my family and I used to live down the hill from him in Freemont area in CA. When is the hammer going to catch a break here?
Wow..really? Gold goes down less that 8% and you are starting an "i told you so" thread? You know what else MUST be a crowded trade? PFE! Thats right, it hit its 52 week high last week of 18.99 and today its at 17.76! It dropped almost the same amount in percentage points as gold did! Quick...start a thread for all those Pharmaceutical bugs out there that they should get out too! Tell you what...when Gold goes down into the 800s, then you can say I told you so, but come on...gold was hitting a new high every single day for weeks. Its way to early in the game to say i told you so.