Gold Falls to 6 Weeks Low and Could Drop Lower

Gold has the largest one-day drop in three months so what's going on ? : "... so from this point forward it doesn't look like it's going to be a very merry Christmas. the bulls are starting to run for the doors and, you know, the bears might be leading this parade right now for the short term ..."says Anthony Neglia, Tower Trading president. "The short term trend is bearish and could play a role into the end of the year," he explains

Bob Chapman - The Financial Survival - 12 Dec 2011

Bob Chapman - The Financial Survival - 12 Dec 2011 : Europe is still in trouble , and they are not solving the debt crisis and they are not even taking back the sovereignty of the 17 countries that has been taken over , the gold price dropping is caused by the simultaneous selling by the federal reserve the treasury and the IMF

WHY IS GOLD FALLING ?

Gold dropped below $1,661 this morning so why in the world is going on ? Expert Phil Streible says that it is mainly due to the liquidation because of the fact that there are tighter fiscal responsibility coming out of the Euro Zone as they are implementing a budget plan for 2012 so the safety play for gold came out as there are less expectations for inflation Phil says