Wednesday, December 9, 2009

Gold is Losing its Shine

Not sure if there are more Rocco Guidos out there who are going to buy gold chains because gold is down 6.9% in a week (even though the dollar is up 2.2%), and looks to be going even lower. Where are the gold bugs?? Maybe they're stuck in the midwest snow storm.

Where's the global warming, Mr. Gore?!? Ahhh...a topic for another time.

For more on the drop in gold prices, check out this article by yours truly:

Gold Loses Its Shine Even as U.S. Dollar Declines

Talk to you,

Todd M. Schoenberger, Managing Director
LandColt Trading, LLC

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