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_uMHeDqzwVN2Nou1TziwTPKX5RDzd5Ar-umzQnx5vCxK_gfoR45oaB4t-6XoPskfLjGOgpInHODcEv_jBvkco32rVykS77FVSOuKZ7XLA=s0-d)
![Silver Technical chart [Kitco Inc.]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_us9RaZgv77WVHxl1FhMfglR9qfW-za6thccLwfw3FzyUDRMkN1ejP5UTi5x8PlI7rHr66E1WTCVA73fxAZkYl0HXScvCtzVYDz35MwnA=s0-d)
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