Market correction or more?

Discussion in 'Bullion Investing' started by judgea, Aug 5, 2011.

  1. judgea

    judgea New Member

    I have to be honest, I did not expect yesterday's drop of 513 points. Would have bet against it, in fact. Where was all of this market correction LAST thursday and friday when we were in the 11th hour of the debt ceiling crisis? This week we were supposed to breathe a sigh of relief . . . weren't we?

    Now, to be sure, a market correction was needed, but was that all this was? My instinct tells me no, but we will have to wait and see. One thing is certain: if this is the beginning of a long term downward trend, we could see a hard and fast upward movement in precious metals. I for one, would not like to see that . . . I WANT MORE TIME TO BUY AT THESE PRICES :eek:
     
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