Gold prices broke key support at the $915 level on continued long liquidation this morning. A major slide in crude oil prices aggravated bullion's condition and the metal fell hard despite obvious safe-haven flows into...the yen today - and not the US dollar. Something that did very well today, were Treasury prices. One of the US government's most successful 10-year auctions in history went down today. The event should (one would think) quiet down the incessant chatter in various camps about the ability of the US to sell is debt, and about the willingness of investors to scoop up same when the offering time comes.

PS

I found it astonishing that inspite of talking about this subject, and in hindsite not being surprised at all by the developements, I just stood in the middle of the intersection (David Ben Simon analogy) and let the truck run me over. I have no intentions of selling my core position in San Gold, however if one was a trader and you entered all of these "intersections " with both eyes wide open, some timely hedging would sure make the hold a lot less painful.

Rookie