The gold market has plunged in early trading on Thursday, reaching towards the crucial $4,600 level before bouncing about $50 as New York opens. Whether or not it holds will be paramount. The situation in gold, of course, is heavily influenced by the rate situation, with the 10-year yield jumping well above 4.30 again. It does suggest that gold will continue to be a very busy and dangerous place to trade with huge positions. That being said, it is in an area that I am very interested in buying on the dips if we get stability and those yields in America start to drop again. I need both of those to happen to get ... (full story)