Oct. 21 at 5:34 PM
$GLD $IGLD
Dropping much sharper than I thought to be ever possible, but this changes nothing. World is still up in fear and doubt, US did not regain the trust it lost from the world, its debt is still sky high, and since no other currency can replace the USD, gold is still the best option for many national banks to keep hoarding.
If you think the APEC summit will fix anything, well, I am willing to lose some gold related prices in exchange for some good news. However I doubt it will be the case.
If anything these kind of drops can be a breather for any gold and related investments. Bullish, but on the long term.