Gold’s one day drop is the biggest in 30yrs. Gold futures contracts are down. This could be the beginning of a gold bear market. The spot price is 1,375. Is anyone excited about this??? If your holding equities you should be.
Gold futures fell 9.3% yesterday, taking losses to more than 20% since the record close in August 2011 and meeting the common definition of a bear market. |http://bloom.bg/ZuBN1Y(Photo: Yuriko Nakao/Bloomberg)