Gold , here represented by the ETF GLD has confused most of us most of the time. Today , in the Toronto Star , there was a list of the best and worst and at the very top was HXD and at the bottom a good number of the gold mutual funds. How can this be , is not gold supposed to go up when the world breaks apart?? Well, actually no, not if the world is going into deflation! I have no idea how low gold will go but for the moment we should look for 850 as the first stop and then about 680. Time will tell, I will keep you appraised.