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November 21, 2011 / Jeb

Correction In Gold and Silver Should Be Short-Lived

The Dow and S&P 500 is reversing lower as leaders in Washington fail to make the necessary cuts. Whether this is a new leg lower in a confirmed bear market remains to be seen. For the time being the downward move in equities might cause a decline in gold and silver bullion as well as the junior miners.  Investors may be forced to sell the good resource stocks with the bad stocks.

For several months we have seen Europe’s Debt Crisis worsening. The large caps in Europe are down close to 30% going into the second half of 2011. In September we alerted our readers that Gold has reached overhead resistance and investors should continue to be prepared for a healthy pause.

Read the full article by clicking here…

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