Gold Tumble

[Reggoh]

Gold hit the floor today (and took Silver along for the ride)...
Is this the time to buy?.... hmmm only time will tell but my hunch is yes.

What say you?

[Gerald]

Gold is now at $1357 per ounce......down ~$144 today.

Bad day in the stock market.....Dow down 265 [14599]

Crude [WTI] now about $ 88.....down $3+ today.

[PotLikinisAhabbit]

Can someone knowledgeable on this please chime in. I've been interested in investing in gold for some time now and would like to get some feedback also

[SpeckleBUTTCHEEKS]

Don't be a Motley Fool... Gold aint done! economies slowing (possibly stalling), domestic inflation growing like bamboo, commodity prices falling like screens, VIX on the rise, and no significant positive indicators to draw street attn. got my nerves BAD.

Albeit, buy low sell high is what my grandma always said... where's low is impossible to know--- THAT'S WHY YOU BUY IN INCREMENTS... spread dat unit cost sha!!

[Raymond]

Bet the market opens to the same tomorrow with the Boston bombing.

[ckinchen]

It all depends on inflation. The worries about inflation were the primary drivers in the gold run up, now there seems to be very few concerns regarding inflation so as a result gold took a huge hit. If you knew what inflation was going to look like over the shot to mid term you would know the answer to the direction of gold pricing.