Why did gold drop $65 today? (10/10/2008)?

Deleveraging of hedge funds... either to liquidate or cover margin calls...

Also, paper gold and physical gold price is decoupling...

Try to call your coin dealer and ask for gold or silver... either they dont have any or they will charge huge premiums for you to get in.

Simple economics says high demand = price increase...

gold like everything in the economy is over priced at today's values the greedy sob's know how to play the game but real people do the work and assign real value to the world this **** happens when real people get tired of being jerked around by the nose. the **** will only get deeper for the next few years. until the markets and the values that you and i feel comfortable with are realigned. it will take a lot longer than it needs to cause the wizards and wonder boys will hold it off as long as they can profit from the miscues that the public are willing to make. tmm

Do you not remember in the 70's when the price of gold and oil were high and the middle easterns bought lots of gold then the price of oil dropped and the gold did to so they were selling thier high dollar oil cheap. It is all part of the big picture going on. People with money buy gold then everything falls and they sell it cheap to get by while the poor people were selling when everything was high just to get by. This keeps the right people in check from time to time.

rd

Long term bond yields and the dollar went up