Link: http://www.thestreet.com/story/10727985/1/goldman-sachs-sinks-gold-prices.html

Goldman Sachs Sinks Gold Prices

Snippet:

“The news that the SEC charged Goldman Sachs with fraud was killing gold prices as investors rotated out of riskier commodities and into safer assets like the U.S. dollar. The gold price had been finding support around $1,150 an ounce after better-than-expected earnings from big U.S. companies. But gold couldn't hold that level and is now retesting the $1,135 area as momentum buying erodes.”

Question:

Can someone provide some sane reason why this “incident” with GS should adversely effect Gold, other than insanity!

Good Luck to all!