The story of the last week or so. The gold plunge. It dropped hard again today, providing no respite to those seeking out a safe-haven.
The line on everyone's mind: The 200-day moving average, which is the red line in the chart here. It's where gold sits right now, and you can be sure there will be a lot of attention paid to the next move up or down.
Those who don't care about diagonal lines should feel free to not read all of the above.
Read more: http://www.businessinsider.com/everybody-is-watching-this-line-in-gold-right-now-2012-3#ixzz1oNndZpTl
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