Was Gold in a Bubble?
On Tuesday, gold dropped below $1,400 for the first time in a month. That aligns pretty well with what Fortress Investment Group President Michael Novogratz told "Squawk Box" on Tuesday morning: "Gold's bubble has burst," he said. "You've tried everything you can to make it go higher and it won't go higher. Therefore, it will go lower."
So is Novogratz right? Is gold a burst bubble — or will people begin to find value in the yellow metal? Vote now in our Futures Now poll and tell us if you're buying or selling!