Is going to be a busy day today, we woke up with metals down to support level unseen since 2010. As a matter of fact read this email I just found this morning from Apmex:
“Dear XXXXX,
You are receiving this email because you set up an APMEX Market Alert on 10/19/2010 to inform you when Gold reaches your target price of 1300.00.
The current price is 1298.60* and is current as of Jun 20 2013 4:39AM:
Don’t miss this opportunity to buy Gold!”
Sure was back then, even more now! This already happened to me a few weeks ago with silver… We are at the very bottom of what my predictions for gold and silver was: 1250$ and 19-20$. After that we should see the exhaustion of this correction with full gap and, with a proper trigger being in place, start a phenomenal ascend toward the real prices for PM’s. This could also be April 2.o where the investors demand will put us back in delays and shortages and rising premiums, we’ll soon find out.
Numismatic gold also hit hard this morning: $20 Liberties down 45, 30 and 40$ respectively in Ms 62-63-64; $20 Saints down 45 , 45 and 40$ in the same grades.
There will be blood, there was blood, time to pick up the pieces and move forward, I would not expect this correction to last more than a few days, maybe a week or two, and this could represent a major buying opportunity of a lifetime in PM’s. More coming soon, do not panic, yet.