Gold, Silver Futures Getting Hammered – Maybe Not a One-Way Trade After All

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Gold, silver, and the other precious metals are getting slaughtered today – with gold down a whopping $44 as I type this!  There’s a lot of pain on this heat map: Nowhere to run to, baby…nowhere to hide. (Source: I almost forgot that gold can also go down.  Perhaps a clue that we were […]

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I have to admit, I thought the precious metals would get slammed today if the Fed announced anything less than $1 trillion in QE2.  And slammed they were, when the pitiful number of $600 billion was announced. However, both gold and silver rallied by the closing bell to pare down their losses, and both are […]

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