Monday, February 25, 2013

Gold prices down another 2% make for buying opportunity

Spot gold closed last Friday at $1,581 down another $30 or about 2% from February 15th.  Month to date gold is down about 6%.  As you can see in the chart of historical spot gold prices below, each time that gold prices dipped below $1,600/ounce was a buying opportunity.  I am going to invest more in gold and silver.  "You call this a storm!  It's time for a showdown!" Lieutenant Dan from the movie Forest Gump.

gold Technical chart [Kitco Inc.]

Silver Technical chart [Kitco Inc.]

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