It’s been a tough week for gold and prices were down again Friday morning as money flows out of European stock markets.
Gold was down another $8.20 to $1,585.20 and silver was off $0.34 to $28.68, bringing the silver/gold ratio to 55.
Commodities are down across the board even though the euro rebounded slightly against the dollar. Besides gold and silver, platinum, palladium, crude oil, and copper are all down. Investors are fleeing to cash like a stampeding herd as fear replaces rationality.
To be fair there’s a lot going on in Europe to...