Wednesday, April 30, 2014

Gold: The Chances Of A 50% Correction

I would remind you that markets have big fluctuations and they always had and a 50 percent correction is common, normal, it always have been. A 50 percent correction for gold would be 960 dollars per ounce. I am not saying that as a target or a recommendation or even a forecast. I am just saying that if gold went down 50 percent it would go to 960 dollars per ounce. and 50 percent corrections are the norm. It would be unusual if it does not have a 50 percent correction anytime.

Related ETF: SPDR Gold Trust ETF (GLD)