Gold prices tumbled Wednesday, as the dollar regained strength, to sink nearly $100 below its record high set Monday - leaving some traders wondering if this is the beginning of the end for gold's impressive run.
COMEX gold for April delivery fell $59 to settle at $945.30 an ounce Wednesday. Gold had set an intraday record of $1033.90 Monday.
Amazing it is, look at the way the market profit takes on whatever makes them money based on TREND. $59 drop in a day, i wonder how many stop orders have they triggered and how many margin calls have they caused.Gold might undergo short-term weakness due to this massive correction. Be vigiliant.
