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Gold is edging up this morning, but remains down more than 6% for the month - its worst May...

Gold is edging up this morning, but remains down more than 6% for the month - its worst May performance since a 10% drop in 1982. The bulls are waiting for a trigger, says David Jollie, whether it be QE or maybe a period of EU stability. Stability? We're losing track. Is stability supposed to be good or bad for gold?
Comments (8)
  • Just turn off the computers....and it will go back up...
    31 May 2012, 09:11 AM Reply Like
  • great idea...i have a feeling that noones gonna pay attention to the comex in the coming months.
    '
    31 May 2012, 09:24 AM Reply Like
  • In the meantime I have a great new hobby. I did the Scrap4treasure program and now I recover gold (and silver) from other people's junk. Even at $1600 an ounce I can make about $50 per gram recovered. Got my own ETF going!
    31 May 2012, 11:45 AM Reply Like
  • Sounds like buy time!
    31 May 2012, 11:47 AM Reply Like
  • That's what people were saying in April...
    31 May 2012, 12:06 PM Reply Like
  • The improving economy, rising interest rates, fiscal prudence, and the halting of money printing have caused Gold's decline. Wait a second....
    31 May 2012, 02:26 PM Reply Like
  • Well since gold has 500% inflation baked into its price already, there's still a lot of money printing that could be done without there being a price increase.
    31 May 2012, 03:08 PM Reply Like
  • Please make a calculation of the ratio of all the paper currencies of all countries and the global amount of gold. Then you realize that gold is undervalued by at least 1000%.
    1 Jun 2012, 01:28 PM Reply Like
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