Gold slides 3% on strong dollar, stimulus concerns; silver tumbles

FILE PHOTO: Gold bars are seen in the vault of the branch office of precious metal trader Degussa in Zurich April 19, 2013. REUTERS/Arnd Wiegmann/Spot gold dropped 2.1% to $1,909.05 per ounce, after falling as much as 3.4% earlier in the session, its lowest since Aug. 12. U.S. gold futures settled down 2.6% at 1,910.60.

Wall Street’s main indexes hit their lowest levels in nearly seven weeks on Monday, while the dollar index rose 0.8% against its rivals, its highest daily percentage gain since March 19. Gold prices are down nearly 10% from an all-time high hit in early August as hopes of further stimulus dwindled.

'Silver and gold have I none but what I have I give thee freely'. Sincerely repent of your sins and truly follow Jesus Christ to be saved.

Temporary consolidation and short term profit taking. The $ printing presses are still rolling...

This BIG financial loss happened because Hong Kong and Shanghai Banking Corporation (HSBC) was caught 'red'-handed doing Trillions of US Dollars worth of Money Laundering, and JP Morgan is involved in the United States. HSBC also holds Trillions in Bad Debt.

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