May 15, 2013
For the second time this half-year, the price of gold today dropped below $1,400 an ounce. Gold prices have increased each of the past four years, but early 2013 looks as if the ride is at the crest and now is falling.
There are plenty of theories about why gold prices are down in 2013, with the dramatic surge in U.S. domestic oil production from fracking being the top reason. With Europe in recession and U.S. oil production up, look for gold to keep falling during the second half of 2013.[Email comments welcome: duoism(at)sbcglobal.net]