O.K. well it looks like we are finally get our "quick" correction in Gold this morning with Gold currently trading down $80.10 at $1771,80. I would suspect that we will see support at $1,750.
Silver is down a buck or so still above $40.
This is the "correction"/"breather"/"reset" that was needed from the extremely Overbought condition it entered over the past couple of weeks as investors bid the price up to over $1,900 in quick succession. I still think we will see Gold over $2,000 but would like to see a good base in the $1,700-$1,750 range develop before the move up.
Standard Disclaimer applies
August 24, 2011 - Quick Update
10-01-2011