Gold Is Really Looking Bad

Gold crumbling is a big story that more people are talking about.

As you can see in this chart from KITCO, just a few days ago, gold was still above $1600.

Today it’s touched $1550.

Screen Shot 2013 04 03 at 1.41.15 PM

What’s interesting is that this is supposedly coming at a time of stress and concern about the banks (see all the Bitcoin hype).

And it’s also coming as the market is weak (Dow down 100 today).

There’s basically no story that’s helping the gold bugs, and actually pretty much all of the commodity complex has been weak.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.