About gold being down. To repeat / update some things I said earlier:
---
http://online.wsj.com/article/BT-CO-20110315-708715.html
"Investors shed gold in favor of cash Tuesday"
"We saw not only selling of equities, but also panic-selling of gold, silver, platinum and palladium in Japan today"
---
On BNN earlier today, the host mentioned that a number of experts are expecting Japan to sell off much of its gold holdings (he said Japan had about 750 tonnes of gold) to finance the reconstruction.
---
Off topic, but if you're read this far you may find this old 'gold in Japan sewers' story from 2009 of interest:
http://www.telegraph.co.uk/news/worldnews/asia/japan/4429197/Japans-sewers-paved-with-gold.html
