Lots of red today! Maybe it is time to revive this thread.
Gold is plummeting. No one should be surprised--it has been below its 200 SMA since December.
Terrible day for me AUQ.to worst stock I ever hold is killing me it's down over 10% happy to see that BB.to is still holding even tho it just dropped few days ago.
You want something. Go get it. PERIOD!
Actually all commodities have been weak for a few months now.
The recent heavy selling seems to go beyond gold, and involves energy too (looking at USO and DBC)
The serious concern I now have is, if commodities can decline so much in spite of unprecedented huge central bank action (USA & Japan)... why should stocks be any safer? Commodities could be reflecting weakness in the global economy, and ineffectiveness of money printing as a route to 'recovery'
My Canadian portfolio is showing down 0.8%. Once again not regretting having no materials and lower than average energy holdings.
Remember, the best cure for high commodity prices is low commodity prices.
See my commentary on Canadian dividend companies at www.dividendblogger.com