Gold Gets Its Nutz Cut Off; Technical Analysis For Gold Bugs CRONKITE Wed Dec 14, 2011 11:27am EST 1 Comment Gold currently down $91 @ $1,571 If you enjoy the content at iBankCoin, please follow us on Twitter 2011-12-14 CRONKITE Share Facebook Twitter LinkedIn
there is nothing technical about this slide…
people were betting on a santa rally because they had no idea how bad things are in Europe.
rally did not happen, instead we go down.
people get scared, run out of cash and need to sell some gold.
gold crashes
same happened in 2008/2009