Monthly Archives: March 2012

01
Mar
2012

Gold and Silver Plunge – Called “Intervention”, “Window Dressing”, “Temporary Smash”, “Paper Fiasco”

Gold’s London AM fix this morning was USD 1,721.00, EUR 1,289.812, and GBP 1,079.13 per ounce.

Yesterday’s AM fix was USD 1,788.00, EUR 1,329.96, and GBP 1,120.79 per ounce.

Gold fell 5% in New York yesterday and closed at $1,696.70/oz. This was its largest one day loss since December 2008. Spot silver was down 6.4 percent at $35.54/oz, reversing the 4.5% seen Tuesday.

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