Loading ...Trading in the Access Market this afternoon was extremely unusual. The dust hadn’t exactly cleared. Gold kept on gold lower, below $1520, and silver dropped to $18.03. Since then, both have turned around and recovered all of those losses, with silver up a few cents over its Comex close. Rarely ever see action such as that.
The dust has cleared and it was correction day for gold, silver and the shares. For a change it is fair to say this is more normal market action as compared to the crooks doing their thing time and time again. Not that they weren’t present. THEY also seem to be somewhere in our arena.
However, it is very important to appreciate the gold/silver markets have changed for eons to come. In the many years past when gold and silver were taken down like today, the jig was up for months, if not longer. These days both precious metals can turn around in a nano- second. Price volatility is to be expected from here on in. The higher the precious metals prices go, the greater the volatility.
What also is important to appreciate is that the reasons for gold and silver to go sharply higher from here are growing, not lessening.
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