Friday, September 23, 2011

Gold and Silver on sale

It's a bloodbath in the precious metals sector today. Silver is well off its recent peak price of $49 as it dipped to $29. Gold is trading at $1650 but can easily fall to technical support levels of $1400. The blow off top in the last nine months was amazing to watch but as I warned in numerous posts the move was too much too soon. Looking to start buying at these levels. Buy the dips, never the rips.

3 comments:

  1. Deflation is a bitch. Nothing's immune.

    ReplyDelete
  2. If only there were a reliable way to define a "dip"...

    http://online.wsj.com/article/SB10001424053111904563904576589134168081092.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsTop

    ReplyDelete
  3. eToro is the #1 forex trading platform for beginning and advanced traders.

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