A Quick Note on Gold Correction
Gold continues to correct.
I thought it would correct in December and was surprised at how it not only didn't but jumped to a record on the last day of the year. At the time, I remembered that if we had a correction similar to the one we had at the end of 2009, gold would go down to 1278.
But just because the correction didn't happen that way then doesn't mean it may not now. So I'm not going to be surprised if it corrects down to the mid-1200's (around 1250). And if it does, it would look like a pretty good spot to buy - especially if you're one of those who's managed to miss the greatest bull market of our lifetimes.
Just a thought.
I thought it would correct in December and was surprised at how it not only didn't but jumped to a record on the last day of the year. At the time, I remembered that if we had a correction similar to the one we had at the end of 2009, gold would go down to 1278.
But just because the correction didn't happen that way then doesn't mean it may not now. So I'm not going to be surprised if it corrects down to the mid-1200's (around 1250). And if it does, it would look like a pretty good spot to buy - especially if you're one of those who's managed to miss the greatest bull market of our lifetimes.
Just a thought.
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