Sunergy, Inc. (fka SNEY)

[mikeymgd]

Gold falls on upbeat U.S. economic data, Bernanke

That is the reason for the fall.

Gold is a hedge against economic downturn plus it moves opposite the dollar.

With the dollar rising today and positive outlook from Bernanke the gold market is Bearish.

I had expected the dollar to firm and gold to fall quit some time ago but it went to bull rally instead. The US is in the clear economy wise and has been for a while. We just need to raise some taxes and stop creating liquidity in the financial markets. Once that occurs gold will drop very heavily. I originally stated last year I expect gold to be at 1200 by spring but I appear to be way off. I still expect a large correction but it could be quit some time still.