Yup, looks like gold is being unloaded. 🙂 I’m no gold expert, but the research I’ve done actually points to it responding very positively during financial panics and much less during “normal” inflationary periods…eventhough it’s so commonly thought of as a hedge against inflation.
Seems like the last time this happened, the Japanese fired up the printing presses and got the Yen back down. I think that still works. Stay tuned.
