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Gold futures fell $25 to settle at $1,575.90/oz., near four-week lows, as strength in the dollar...

Gold futures fell $25 to settle at $1,575.90/oz., near four-week lows, as strength in the dollar and rallying U.S. equities has wiped out gains logged when Cyprus began to hit the headlines. Mining stocks such as Goldcorp (GG -2.8%), Barrick (ABX -2.2%), Kinross (KGC -4.3%) and Newmont (NEM -3.7%) are down in tandem with gold prices.
Comments (9)
  • boldaq
    , contributor
    Comments (97) | Send Message
     
    Come on down.
    I'll be waiting.
    2 Apr 2013, 03:25 PM Reply Like
  • tobaccorogue
    , contributor
    Comments (40) | Send Message
     
    Rampant FED manipulation to support the dollar would be a good guess. May be a good time to nibble.
    2 Apr 2013, 03:54 PM Reply Like
  • Imi
    , contributor
    Comments (4) | Send Message
     
    muni bond collapse around the corner. Will that help the credit rating of the USD? Nothing is the way it seems. I believe Fed is going to trip in it's race to the bottom
    2 Apr 2013, 04:24 PM Reply Like
  • Joe2922
    , contributor
    Comments (409) | Send Message
     
    Stock market has its own mind
    Stock market moment of truth. Chart and discussion
    http://bit.ly/WpVqYk
    2 Apr 2013, 04:30 PM Reply Like
  • ziggysdad
    , contributor
    Comments (35) | Send Message
     
    Market UP but many stocks dropped quite sharply in PM. Why, Smart Money bailing.
    2 Apr 2013, 05:02 PM Reply Like
  • tr4head
    , contributor
    Comments (330) | Send Message
     
    Gold down and dollar up - this is madness, or manipulation. Chose your poison!
    2 Apr 2013, 05:37 PM Reply Like
  • TDWelander
    , contributor
    Comments (639) | Send Message
     
    Probably both madness and manipulation. With all that government debt everywhere, it is at least interesting watching all those government monetary authorities peeing up wind. How ugly will they look in both the near and far term? I am betting really, really, really ugly.

     

    The good news is some say ugly does not count.

     

    Though doing something is almost always better than doing nothing considering past history and personal experience. So all they are really doing is reducing daily and weekly market swings, or smoothing out the trend lines. Nice, but not a problem stopper.

     

    Of course we have an exception today with the $25 gold futures price drop. Or they will take disinflation where ever they can get
    it for however long they can get it.

     

    Everyone, please give the monetary authorities a good pat on the back for the short term, short run reduction in ugliness. Follow the Federal Reserve idea, spread beauty wherever you can. You never know where content may spring out of beauty. Or, hope springs eternal.
    3 Apr 2013, 02:23 PM Reply Like
  • tobaccorogue
    , contributor
    Comments (40) | Send Message
     
    Would that the traitors who are destroying our currency and savings be brought to a harsh justice.
    4 Apr 2013, 11:30 AM Reply Like
  • Carlosarias
    , contributor
    Comment (1) | Send Message
     
    Watching at the Bloomberg interviewers, they try to smash anybody that is not a market cheerleader. They keep on putting adjectives and labels as doomsayers, doomscenario trying to ridiculize them.

     

    Pretty big interests in this short the paper gold-buy the real stuff scheme. In a few years this manipulation will be in the textbooks.
    4 Apr 2013, 05:36 AM Reply Like
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