Could it be tonight? Silvers volatility is legendary, but does anyone else get the feeling that the price of gold is a wound up spring ready to jolt upwards? I certainly do. Maybe we can make it a guessing contest?
The price dropping $60 in the last week and a bit makes no sense to me with the happenings in the world. Someone is hammering the price down.
The recent Gold pullback is still within normal consolidation level. So far Gold only have 7.3% pullback from it's high, that looks normal to me. In the past 5 years we have much more severe correction in Gold and Silver uptrend.
Well we've had a solid $10 move overnight, just recently in fact. Interesting to watch. I admit though, I'm not really watching the Gold price that closely. Gold really is a life long investment for me and I'm not in any rush to cash in on any spikes.
