Gold Posts Biggest Loss in Nearly Three Years

Gold prices notched their biggest decline in nearly three years and the dollar rose against the yen for a sixth consecutive day, the latest sign markets are on edge about the future of central-bank stimulus.

Gold for October delivery closed down 3.3% at $1,266.30 a troy ounce, its lowest settlement price since June 23 and its biggest loss since Dec. 19, 2013. Silver fell 5.8% to $17.71 a troy ounce in its biggest drop since January 2015.

"This looks like a good buying opportunity for anyone looking to get into gold or silver. The news is saying the selling is talk from the fed about raising interest rates which I think is complete bullshit. It's more likely the elite are doing a number on the metals so they can buy more before the economy collapses."

http://www.wsj.com/articles/gold-tumbles-to-more-than-three-month-low-1475593402