Gold skyrocketed to well over $1700, Monday, August 8 as the Dow dropped over 600 points in the wake of S&P's credit downgrade.
MIAMI, FL - Analysts had forecast that S&P's credit downgrade last Friday would not have too great an effect but Monday's trading was brutal and the Dow lost over 600 points in the single worst day of trading since December 2008. Not surprisingly, gold shot up to $1722 as investors searched desperat...
