Wednesday, July 20, 2011

Shockah! Gold down under $1600/oz on a US debt deal.....who could possibly have predicted such a thing? On July 14th to be exact, in this post which said:

"Anyway, when all this stupidity about the US debt is behind us, expect gold to get jawboned down a bit. Might be over 1.6k by then, though"

That day gold closed at 1590. It then went to 1610 or so. Now it's 1587. DYODD