See what happens when a market can trade freely.....

Earlier gold was down $25+ in Asia, but as of 11pm is down less than $8. See what happens in a more natural market environment? Don't get me wrong, I still think gold will be smacked down hard when it comes into Europe. Unless of course, the stock markets crack hard and gold regains its safe haven status which it lost today.


In another random note, I was told by several different trading desks, that the "leverage police" came around to the various trading desks and these desks were told to scale back on their leverage. That prolly fed into the decline.