The big headline today was “Gold sinks below $1,200, the lowest in 3 years”. Let’s talk a bit about the precious metals, and what this year’s bear market means for gold and silver investors going forward. Gold closed down $41.40 today to close at $1,193.60. This is the lowest close for gold since August 2010…. Read more »
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… Read more »
April 12, 2013 Gold and silver are in full correction mode. If gold breaks $1520, then it will likely fall much farther, maybe to around $1,100.
April 2, 2013 Gold and silver are in a full blown correction. Because the stock market is making all-time highs, a lot of money is rotating from the precious metals, commodities, and bonds to stocks. Plus, gold and silver have increased in price 11 years in a row up to 2012, which is unheard of… Read more »
