Gold & Silver Bug Crushed This Week

Posted by Kris | Monday, April 15, 2013 | | 1 comments »



Everything is cyclic in nature. What is beautiful can be ugly the next day or vice versa.

Gold futures dropped more than $100 an ounce at one point in European trading hours on Monday, deepening their descent after entering bear-market territory last week, while prices for industrial metal copper also slumped following economic data from China that fell short of expectations.

Gold for June delivery tumbled $93.40, or 6%, to $1,407.60 an ounce, but has dropped to as low as $1,384.60. Gold last week lost 4.7%.

Looking at the ETF GOLD today @USD143 while Silver SLV: @USD25.28

So it is best not to put everything into a single basket. Diversify :D


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1 comments

  1. Mr Lonely // 3:14 PM  

    haha, won't affect me ~ =P