Catastrophic Gold Crash

[Ad Orientem]

I just clicked on Yahoo Finance and main page carries the latest market returns on the top. This is what they are reporting... It looks like the gold bears were right and gold really is a worthless hunk of metal with no intrinsic value. But I was really surprised that oil is worthless too. 



    US
    Europe
    Asia
    Customize

S&P 500
    1,374.02002
    8.51
    +0.62%
Chart for ^GSPC

Nasdaq
    2,976.08
    24.84
    +0.84%
    ^IXIC

Dow
    12,943.82
    72.43
    +0.56%
    ^DJI

Oil
    -87.66
    -100.00%
    CLQ12.NYM

10-Year Bond
    1.63
    0.05
    +3.23%
    ^TNX

EUR/USD
    1.2590
    -0.00
    -0.13%
    EURUSD=X

Gold
    -1,621.80
    -100.00%
    GCQ12.CMX

[Tortoise]

Buy it while it's free!

[clacy]

I'm hitting the bid, bid, bid, bid, bid, bid, bid

[Lone Wolf]

I checked this morning and unfortunately gold is now back up to $1601.  I can't believe that I missed out on this incredible buying opportunity.  I suppose this is what I get for only checking my portfolio once per month.

Congratulations to all who got into gold at $0, though!