Gold Just Plunged
Dec 19, 2013, 14:44 IST
Gold just crashed.
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It's very close to falling to its lowest level of the year.
It's not totally clear why gold just fell out of bed this morning.
But overall this is a terrible environment for gold, as all the old stories about endless Fed printing and hyperinflation and political instability are coming to an end.
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Instead the Fed is pulling back on QE, the US government just passed a budget, and inflation remains low?
Silver is also similarly tanking.