I had posted on this earlier. I was speaking to a mid level manager in a major mortgage company. The conjecture and speculation was that spot gold was falling because the hedge funds and market movers were having to lock in profit off of gains earlier this year.
Gold was up in the last 12 months and the damage so severe to note holders that they were liquidating good investments to lock in gains.
For this reason, the notes are being devalued and stocks with it.
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