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<p>[QUOTE="yakpoo, post: 842650, member: 18157"]A day or so ago, gold dropped $17 in 15 minutes based on a fear that the EU bailout of Greece would cause the Dollar to rise relative to the Euro. That level of "skidishness" is worrisome for gold (imo). </p><p> </p><p>In other words, it seems like much of the gold price is due to "speculation" of a weak Dollar vs. market fundamentals. If the Dollar rises significantly, gold "could" drop precipitously.[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 842650, member: 18157"]A day or so ago, gold dropped $17 in 15 minutes based on a fear that the EU bailout of Greece would cause the Dollar to rise relative to the Euro. That level of "skidishness" is worrisome for gold (imo). In other words, it seems like much of the gold price is due to "speculation" of a weak Dollar vs. market fundamentals. If the Dollar rises significantly, gold "could" drop precipitously.[/QUOTE]
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