Gold Takes Out Major Support: Next Stop $1,350 - Seeking Alpha

Gold Takes Out Major Support: Next Stop $1,350 - Seeking Alpha 

I warned people about gold. Now it is dropping like, well, the rock that it is. There is value in gold, but leveraged value is not true value. Gold is volatile and is good but not pristine collateral. The need for collateral is so large, in the interest rate swap trade, that there isn't enough gold in the world to back these trades.

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