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<p>[QUOTE=&quot;yakpoo, post: 1688626, member: 18157&quot;]The gold and silver markets have been poised for a correction for some time...they&#039;ve just been looking for a reason. As gold (GLD) and silver (SLV) Exchange Traded Funds (ETFs) have grown in popularity, so has ownership (demand). </p><p><br /></p><p>Selling pressure has been building for some time as investors look to re-balance portfolios...but (until now) there haven&#039;t been reasonable alternatives. As the economy stabilizes and interest rates begin to rise, investors now have alternatives.</p><p><br /></p><p>The very ETF funds that helped drive PM prices to new highs are now the vehicles fueling the downward spiral...as investors redeem shares, the ETFs have to sell PM holdings...fueling further redemptions.</p><p><br /></p><p>This was due to happen...and it would begin as soon as Government got serious about the budget. Two (2) months ago, I began a thread called &quot;<a href="http://www.cointalk.com/t222969/" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t222969/">Brace Yourself</a>&quot; as key technical supports were breached. I still believe gold will drop to around $1325/Oz by the end of the year and could drop as low as $900/Oz before stabilizing...(everything else being equal).</p><p><br /></p><p>All the people that bought First Spouse coins over the past couple of years will be handsomely rewarded! (imho)[/QUOTE]</p><p><br /></p>

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