Posted by patience > 2011-09-24 07:42 | Report Abuse

hedge fund forced sell their position or take profit to cover redemption and cash calls on losses in equity, commodity and currency speculation !

Posted by carries > 2011-09-24 10:02 | Report Abuse

Gold already predicted to drop to USD1500-1600 and then surge back to USD2000-2200 by year end.

Bloomberg interviewed some analysts and that was what they predicted.
But i would take that prediction with "a pinch of salt" ......

Posted by WONGTONGGUAN > 2011-09-24 10:16 | Report Abuse

beware of gold price against deflation. especially in months to come.