Friday, November 14, 2014

Gold: Waiting For The 50 Percent Correction

Gold has not been down 50 percent in many years and that is not normal. Most things go down 50 percent every 3 or 4 years. It is just the way the markets work. If gold were to go down 50 percent that would be 960 dollars an ounce. If it goes to that, I hope I am smart enough to buy a lot more.

Related stocks and exchange traded funds: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Freeport McMoran (FCX), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)