Wall Street Roundup: IPO inflation. Utah gold rush.

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Gold: Trading now at $1,510 per ounce, up 0.1% from Friday. Dow Jones industrial average: Trading now at 12,357.50, down 1.2% from Friday.

European blues. Concerns about the economy in southern Europe are making for another bruising day in the markets.

IPO inflation. After last week’s frenzied pursuit of LinkedIn shares, investors appear to think the euphoria went too far and are sending shares down Monday morning. Meanwhile, a debate rages about whether LinkedIn’s bankers wronged the company by not seeing how much the stock would rise after the initial offering.

Tricky traders. The Wall Street Journal’s analysis showed that Los Angeles County’s pension fund was regularly given the short end of the stick by its bankers when it needed to do currency trades.

Utah gold rush. Utah is appealing to gold bugs, and bringing back a small piece of the gold standard, by legalizing gold coins as legal currency.

-- Nathaniel Popper in New York