Gold Continues Plunge
May 28, 2008
Gold Drops Past $900
All precious metals continued their plunge this morning breaking through initial support levels. Gold broke through $900 and sits just above $895 as of this posting. Silver is just below $17.40 and Platinum has fallen just shy of $2040.
Slipping crude oil prices and a surging U.S. dollar are concerning investors this morning, but I am certain that most will see buying opportunites in the metals arena before the week is finished.
Forecasts are becoming more divergent, with some analysts predicting commodities have peaked. Concerns over a commodity bubble are legitimate, especially when you consider that investment dollars are now in the Email to friend Print
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