Gold and silver crash

April 13, 2013

Yesterday gold and silver both broke below their key supports at $1,520 and $28.00 respectively.  Gold closed at $1,477, down $84, and silver closed at $26.85, down $1.81.  Both have now officially entered bear market territory, which is defined as down more than 20% from the peak.  The odds are very high that prices will continue lower.  Stand aside for now on all purchases.

 

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