Is Gold Really Plunging Today?

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BAIRES2

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Is Gold Really Plunging Today?

posted on Feb 01, 2008 07:16AM

Is Gold Really Plunging Today? It´s now down about $15 for the day...Reminds me of what Phil Manducca (sp?) said yesterday on BloombergTV. ( I paraphrase)

When we see regular gold price volitility of up and down swings of $25 to $50 a day, then we know we´re reaching the end of the gold bull market.

This Wednesday, Peter Schiff said he expects that we´ll see, at the peak of the gold bull run, one ounce of gold equaling the price of the DOW.

Last year, Marc Faber said we´ll see gold as high as $36,000 in his lifetime. Hmmmmm....The Dow at $36,000? That sounds right.