OOPSY DAISY
Precious Metals Take a Big Hit
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GOLD AND SILVER
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AS OF SUNDAY
SEPTEMBER 27, 2020
GOLD AU: $1861.20 One week ago it was: $1948.90 Change: -4.5%
SILVER AG: $22.89 One week ago it was: $26.72 Change: -14.3%
This kind of drop happens every now and then. This dramatic selloff scares everyone, but, really, it happens all the time and what follows can be a pleasant surprise. We shouldn't panic. That's easy to say because we wonder if these high numbers will ever come back. Yes they will, but we just don't know when. Analysts say that the precious metals market is still in a strong up-trend. Oh yeah? Well, we will need to see proof and that would take the form of a nice rise. Is this just a somersault and we are at the down position right now? And we will pop back up?
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