Gold & Silver Crashing Hard: Gold Down to $1630/oz, Silver $29.90/ozChris | InformationLiberationSep. 23, 2011 |
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Gold & silver are finally seeing a significant pullback after a massive rally without any real corrections. Silver has fallen an astonishing 25%. Historically, the average correction in gold was around 15%, yet recently there has been so much demand I think the biggest recent correction was around 9%. The dollar index has rallied over the last month from ~74 to 78, so finally it's seeing a bit of a break since the Fed has taken somewhat of a breather. |