Gold ( IAU , quote ) is off almost $60 from Fridays 5% move on the low here.
Gold found support at $1425 which is your major level of support and was resistance in 2010 and in 1Q 2011. Deflation, deflation, deflation -- which means watch oil. The commodity is down 1.6%, after the bloodbath on Thursday and Friday. It needs to hold $87. Bizarrely, stocks seem unfazed.
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