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.]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_unpkgaITG65LdnSCjQ8BxuiZFFyM0QNwyqyIof9hGbGIcLG-M_4liNRtqG4VvhZzEtgHR5eyorXMjZ7w1Zfld2RU3WhT4ssV371ZlyOw=s0-d)
![Silver Technical chart [Kitco Inc.]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uvTMXObd7Uado0d2M8NZsA3QhPaQ9si0zJ3IomDrnpZMEplpg_4Yn_JLFm5Lr3sfxiMW26nVVAA-T3cQP2KvEJlveg3AHu8yWT891PPQ=s0-d)
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