phillips49

The Herd of Lemmings, Part II

The dollar's movement Friday does not explain gold's 15% decline from it's July's highs. Gold like other commodities is supply/demand driven. Investors are bailing out of all asset classes including gold. Many don't trust anything at the moment. Reduced demand will yield reduced prices on gold as well. Gold has no particular value of it's own, it is only worth what someone else is willing to pay for it at a particular time.