The prices of gold is now tumbling down and erasing the most recent rally, which was quite sharp – considered overbought by some. It is now trading at around $1775, down from around $1840 to $1850 earlier in the day. The better than expected durable goods orders provided reasons for stock to smile, and for QE3 to fade further away. This means less appetite for the previous metal – a safe haven from currency printing. Durable goods orders leaped by 4% and provided a very good surprise after so many economic figures disappointed. Also core order rose, amid expectations for a drop. In addition, there is a rumor that ... (full story)