Gold Drops as Dollar Climbs
January 16, 2008
Gold Drops below $900
An overdue correction to rising gold spot price hit this afternoon and has gold down to $888 as of this posting.
Look at this as a healthy solidification of a market that had risen too far too fast. Just a little life in the U.S. dollar brought about this turn. Whenever a market is that thin and touchy, everyone should be careful.
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