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Usually a safe haven on days like this, even gold isn't escaping the general panic as the rising...

Usually a safe haven on days like this, even gold isn't escaping the general panic as the rising dollar sends futures -2.1% to $1688.90/oz. However, silver is taking a much greater hit, sinking 6.1% to $32.244. The metal is "very much as an industrial metal right now," says one trader. Copper -4.4% to $3.473 and Platinum -2.7% to 1563.50.
Comments (2)
  • Uncle Pie
    , contributor
    Comments (3116) | Send Message
     
    gold is still a safe haven, unless you bought it with borrowed money.
    when the margin calls go out, everything gets liquidated.
    when the paddy wagon comes, they take away ALL the girls, is the old saying.
    1 Nov 2011, 09:49 AM Reply Like
  • Swass
    , contributor
    Comments (419) | Send Message
     
    Why is gold usually a safe haven on days like these? I don't recall too many times where it was.
    1 Nov 2011, 10:05 AM Reply Like
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