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Thursday, December 16, 2010

Peter Schiff - $10,000/Ounce Gold Price Prediction

Gold slides on profit-taking as euro retreats

Dec-16-2010----NEW YORK/LONDON - Gold fell more than 1 percent on Thursday as investors took profits and pondered the euro's near-term direction and remained concerned about the euro zone debt crisis.

Gold Declines to Two-Week Low on Investor Sales After 26% Rally in 2010

New York's benchmark February gold futures settled down $15.20 at $1,371 an ounce after dipping to $1,362 -- its lowest level since November 29.

PRECIOUS METALS: Gold Down On Profit Booking, New CFTC Proposal

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