Huge reversal in gold and silver future, light at the end of the tunnel?

NeoclassicalAnalyst

A healthy metal market is a strong underpinning for coin market

BaronVonBaugh

Personally I buy more coins when gold is lower. I'd like to see it back down under $500.

What I just saw when I checked showed a dip followed by a spike and now seems to be leveling back out about the same.
Unless you have different info than Kitco, I just don't see it.

Kitco

I know that mine stocks had dropped quite a bit though.

NeoclassicalAnalyst

Strong follow through after a major price reversal yesterday. Very bullish pattern for gold/silver, at least in the short run.

BigA

Gold spiked to $1260 in mid-December and then dropped below $1200. I would not place too much meaning in a couple of days of gains....

bestday

it is buy buy buy time ......bottom near for gold . silver.. new bull market by march

kimber45ACP

<< <i>it is buy buy buy time ......bottom near for gold . silver.. new bull market by march >>



+1
Gotta help out the dollar cost averaging.

Author1

The mood at coin shows tends to follow PM prices both up and down

NeoclassicalAnalyst

<< <i>The mood at coin shows tends to follow PM prices both up and down >>



Remember most small and medium size dealers do not hedge their bullion inventory. As I have pointed out in another thread.