I Hope Gold Comes Down Even More

Gold can't catch a bid. We hear a million reasons why: The Federal Reserve wants interest rates lower, the dollar is strong, the chaos in Europe is over, China's stabilized.

I have to tell you that every one of those is a pile of hooey. Gold, using the SPDR Gold Trust (GLD) as the proxy, has now gone from $184 down to $159 from mid-2011 until now. During that period, we did have chaos overseas. But we also had a strong dollar and a dovish Fed. During the previous 12 years we saw all of these circumstances that are now being credited for gold's weakness -- and the precious metal rose every year....408 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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