“Generally, after a stark price correction like this, you will tend to see a prompt rally, followed by another bout of weakness, testing the prior bottom. This should play out over the next few weeks, which will pave the way for an excellent entry or re-entry point to stock up on gold. It is important to note that, in my view, you can wait and watch gold calmly. There is no need to rush (back) in. Gold negativity is very high and it will take time to pick up momentum. But you should certainly not wait too long. Fundamentally, all of the reasons that made gold an ever more attractive asset over the past years are still fully in place, and increasingly so.”
http://www.thedailybell.com/29008/Frank-Suess-Gold-Down-What-Now
Related posts:
Google Bus Hate: Give It a Rest
Who’s Making Money in a Market like This?
Internet Sales Taxes Are Economy-Sapping Domestic Tariffs
Andrew Napolitano: Domestic Spying Is Dangerous to Freedom
What Happens After the Housing Bubble Reflates?
Be on the Lookout: Amazon Turns its Gaze to Surveillance
'Neighbor vs. neighbor' in US cities, Meredith Whitney says
The Ideology Behind “So What You’re Saying Is...”
Drones, Assassinations, and the Drug War
Bill Bonner: Can paper money survive a full credit cycle?
The best second passport for Edward Snowden…
Government Imposed Disaster: Price Controls in the Wake of Sandy
Where Will QE3 Take Us?
The Fed Has Failed, Failed, Failed
Peter Schiff: Gold in the Crosshairs