Platinum and Silver and Gold, Oh My!

As Herman Melville might have put it, the precious metals are spouting black blood and floating fin up.  No doubt the astute readers of this blog are all short gold on the commodity exchanges, but I shudder to think of the gloom among the goldbugs today.

Gold spot close last Monday:  $1574

Gold spot close today:  $1335

The reason given for today’s drop of over $140 an ounce was “weakness in the Chinese markets.”  Lame.  The guys who come up with that stuff are just one step above editorial writers.

Author: Helian

I am Doug Drake, and I live in Maryland, not far from Washington, DC. I am a graduate of West Point, and I hold a Ph.D. in nuclear engineering from the University of Wisconsin. My blog reflects my enduring fascination with human nature and human morality.

2 thoughts on “Platinum and Silver and Gold, Oh My!”

  1. Hey Helian, I sent you an e-mail. Not sure if you got that. Could you let me know in here if you did?

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