For thousands of years Precious Metals (PM) such as Gold (Au) and Silver (Ag) have been utilized as real money for exchange, wealth store, and metric of value. While I am NOT an advocate of one single commodity backing our money (like a gold standard), I do believe that the price trend of PMs are the most important indicators of the value of fiat money, plus the crimes of corrupt banking corporations and governments that manipulate PM prices. The "Canary in the coal mine" is Gold - AuCanary.
Today's FINVIZ 5 Minute Charts - (for other charts go to the bottom of this page)
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LONDON (MarketWatch) — Gold futures were under renewed pressure Monday, while copper dropped to its lowest level in nearly three years after tightening credit conditions in China triggered a global equity selloff on fears about Chinese economic growth.
Also weighing on the yellow metal, analysts at Goldman Sachs lowered their forecast for gold prices in 2013 and 2014.
Gold for August delivery GCQ3-1.12% fell $7, or 0.5%, to $1,285 an ounce, after havingsurrendered almost $100 over the course of last week’s trading.