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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: Auguries—Terminal Velocity
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Auguries—Terminal Velocity
May 31, 2012
By Kevin Michael Grace

Gold was up (at press time) $3.10 (+0.2%) for the week to $1,562.50, and silver was down
.55
(-1.9%) to $27.71. GoldCore reported, “Gold fell and tested support at $1,530 [Wednesday] but then bounced very sharply and rose by nearly $40… Yesterday may have been a form of ‘tipping point’ for gold whereby it again starts to display its safe haven status as it did soon after the initial price falls at the time of the Lehman financial crisis.”

The search for a safe haven is now something of an obsession as free-falling Europe approaches terminal velocity. Last week, this space announced the failure of the “last hope to save the European Monetary Union as currently constituted.” Foolish certainty. This week, we see the arrival of another last hope, the European Redemption (!) Pact.

Read more about gold prices and the eurozone crisis here.

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