Gold — “gold may be ready to correct. If gold can hold above 1000 or preferably above 1200, it will be impressive” – written July 5th by Richard Russell

Got Gold Report – Euro Shorts Cover, Silver Lame

We have been on the sidelines for a while now waiting for gold and silver to correct in summer thin trading, as it usually does this time of year.  It took a little longer than we thought it might, but gold finally balked as the third quarter got underway. There were actually a number of harsh reversals happening simultaneously, so gold investors shouldn’t feel alone.

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