By Tim Iacono (Guest Post)
There’s been lots of recent gold news already, not the least of which was the $70 plunge in price that the mainstream media says is due to profit taking, a rotation back into equities, and the looming margin rate hike by the Shanghai metals exchange that many think will be followed by a similar move at CME Group here in the U.S. Of course, the Swiss pegging their currency to the euro (or, more properly, putting a limit on how high it will be allowed to rise versus the euro by printing up however much local currency is necessary to buy euros) has complicated matters…
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