1. The Big Disconnect: What Does it Mean?

Gold is declining once again this morning. In fact gold has fallen quite dramatically from its high on October 4th of last year at $1797.70 an ounce. Gold trades, as I write, at $1608 an ounce, a decline from its October high of almost 11%.

Gold bugs everywhere are fretting and the gold haters are saying “I told you so." As you can see, the market gods have not been kind and may have labeled gold the “barbarous relic” John Maynard Keynes dubbed (he was referring to the gold standard at the time) almost a century ago (Monetary Reform 1924).
So has gold run its course? Are we now

Written by Chris Berry, MBA - [ Discovery Investing Web Site ]