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_s1YPyB6jfVJ3psDyE2HrSWSdLfwYubS62rOg5thg7TjEQiEgAUQd5kYkyuAc1J0GEG_Nk-YJHrK-xbGNouhz22yBI0CQ90EPtY-IwzCg=s0-d)
![Silver Technical chart [Kitco Inc.]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vMEXDhzwkJ9QVvBT3YrdaahWFizwW4ac1NDwRFng0ZvHSr7h3KI61CzIIR4-d61EH1r3Z6ItNcLUcqWH6yP_kt5A055W5m5ZVOqh67UA=s0-d)
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