Gold Prices Drop as Investors Throw in Towel
Analysts cite a strengthening economy, dollar for the decline in precious metals.

Gold, there’s a dramatic drop on Friday, and today gold is at its lowest point since March of 2011, what’s going on?

Yeah, that seems to be a bit of give-up here in the gold market. the gold had phenomenon rally last 12 years. Really, but its struggle in the past 6 months or so, I think the fact is that it wasn’t able to gain more attraction even with the Fed(Federal Reserve), doing quantitate of easing(量化宽松) in other bank of Japan, doing quantitate of easing, which in theory, which stimulating inflation. The inflation is not taking hauled, and a lot of, I think a lot of speculative investors being in gold are throwing in towel, giving up and that’s feed out itself right here. It’s, honestly, getting kinda early for gold, maybe we’re gonna till the end to sell out, but it’s not pretty right now.

So is it officially in the bear market and will affect other industries?
Yes, it’s officially in the bear market as in this morning down more than 27% from its all time high. You know, it affects other industries. I think again the tie is back to the story, the broader story for the commodities, selling off amid fears, China’s economy is slowing, the US economy, you know, we’re doing ok, but not agree, Europes basket case ,Japan, try to get off the mess, so where’s the growth, where’s the great story that’s gonna drive the demand for commodity , maybe it’s Brazil, maybe it’s India, but it’s not enough there to really spur the kind of demand you need to get the prices moving higher from here.