Tuesday
To those interested in the ‘price’ of Gold (POG)
No graph goes up in a straight line.
This correction is simply an act of selling by those who had, and have, no idea what it was they had invested in. To them it was just the latest ‘play’.
Once those ‘weak hands’ are deleted from the process, the upward trend will be resumed.
When? My guess, for what that is worth, is that a new ‘bottom’ will form around Au$5,750 Quien sabe? It could easily go lower.
NEVER SELL; HOLD TIGHT. Remember: to sell Gold is to buy currencies. This is not the time to be buying currencies. Buy Gold (and silver) and don’t ever think about selling. Just buy more whenever you can at whatever the prevailing price.
The more that speculators enter the market, the bigger correction they can cause when they get startled by something and stampede for the exit.
When the upward trend will resume cannot be known. In a week, a month, three months? It could stay in the doldrums that long. No matter. Currencies WILL resume their fall at some point.
Just keep buying Gold and/or silver, whenever you can.
This is a once in a millennium opportunity to gain some serious wealth.