Just looked at some charts on Google and it's crazy how quickly those prices plummeted! Gold was up like 30% in a month just last week, now it's down by like 15%. Silver went from $20 an ounce to around $12 an ounce. That's a big swing . According to the charts, though, gold has been trading at a multiple of its 200-day moving average for months now... that's when you know there's something wrong . The US dollar is still recovering from those crazy lows last year, and with Warsh on board, I'm not sure how long it'll stay up .
can't believe i'm commenting on this thread after it's already over anyway, just wanted to say that warsh nomination does make sense, inflation hawk makes more sense than dovish leader imo gold and silver prices are crazy right now, can't keep up with the market fluctuations. i mean if you're gonna invest in something, at least know what you're getting yourself into