Afternoon everyone…..
I was on a job site all morning, so I had my alerts off. Holy Hell…….what the hell is happening?
Gold has fallen off a cliff down over $40 right now. It’s the biggest one day drop this year. Silver is also getting blunged to death, it’s down nearly $.80 currently.
Gold is nearing that $1750 barrier. If that is breached and held the market will get really ugly. Silver is also near a barrier of $24, if that is breached and holds you will see a further plummet in price.
Here is the Kitco current screenshot.
I obviously have not had the time to find out the cause of this yet. But it better be something crazy like a meteor just landed on the earth with 200 tons of gold on it.
Since I’m not a paper trader, and I’m holding for the long haul. This would be a great opportunity to buy some more. If only I had the funds……