[kerouac]

Quote:

Gold futures skidded nearly 5% Wednesday, sinking below the $1,600 level for the first time in nearly three months, as a drop in the euro signaled a new level of anxiety about the region’s debt crisis and investors sought cash as the safest asset.

http://www.marketwatch.com/story/gold-fu...=countdown

It looks like one person was correct from the OP link from months back:

Quote:

Hal Lehr, a commodity trader at Deutsche Bank, was quoted by Bloomberg as saying: "I'm bullish on gold despite its current levels. It could reach $2,000 an ounce in the next eight months."