Article on Kitco. It speaks of the disconnect between precious metals and paper. Buying of physical precious metals remains strong while paper traders see opportunities elsewhere. They will pull out all the stop losses such as done with stocks, but we know it`s just paper trading. Another factor is China is on a 4 day vacation up to friday.
http://www.marketwatch.com/story/gold-futures-extend-drop-from-1600-2013-04-03
I would like to point out that this is an opportunity to watch the prices of the numismatics I have mentioned in earlier posts and how they react to the drop in the spot price of Bullion. A good balance between the two is a strategy I believe in. In the past Numismatics have had a tendancy to hold their value plus gain over the original prices of new issues. I believe they will also hold more value in a drop of the bullion daily spot prices. That is of course certain selections !
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