Been following gold last couple weeks, first time in awhile that bears have dented this thing. I am just learning the fundamentals that affect this product, is the recent $50 or so move down in relation to some peoples sentiment that QE2 wont be as big as first anticipated? Thanks.
Fast money. Can't take the heat. They got in after the QE II started to be discussed. They came in more then a bit more and then looked around and no one was coming in anymore. They were left holding the bag. They dropped the bag like a hot potato.
$50 is nothing. Wait for the 300-500 drop