Gold

The price of gold stocks plummeted today. One stock I own is down over twenty percent this week. The reason is a smaller than expected interest rate cut by the Fed and rhetoric that the government is concerned with inflation. This caused the largest dollar drop in the price of gold ever. I was reading some of the Wall Street Journals that had piled up. An article from last week said people were selling jewelry since gold had reached $940 an ounce. Now that gold has plunged back to $942 it is cheap. Sure $1030 was really high. But how is the record high price a few days ago now low? What happened to low being is under $400. I guess the same as ever seeing gasoline under $1 a gallon.