Loading ...From Murph tonight:
Meanwhile, unlike years past, it will be a surprise here if gold and silver fall apart from present levels. That does not mean we won’t get some more corrective activity, but corrections have not lasted in the gold market for the last three months. This one ought to be short-lived too.
Even this afternoon, gold plunged $5 from its Comex close in the Access Market, only to come right back to unchanged … only to be knocked down again below $1500. What a battle!
The shares, which have had some run, were crushed early, but came back nicely, cutting their early losses. The XAU fell 1.62 to 93.26. =