4th time’s the charm, why does this number keep popping up in the gold market?
4th Time’s A Charm: The Fascination With -8.7% Gold
August 11 (King World News) – Email from KWN reader Kevin W.: Amazing that 8.7% correction in gold was repeated so often. And today we hit $1,907, exactly 8.7% from the peak of $2,089 (see below).
3 Pullback During Gold’s Rise Were -8.7%
…Today Marked The 4th -8.7% Decline
Billionaire Eric Sprott Buying
To find out which company billionaire Eric Sprott just bought a 12% stake in click here.
King World News note: Gold broke above its all-time high (set in 2011) at $1,920. After surging to a high near the $2,100 level, gold has pulled back to test the breakout, which is normal trading action. Now the price of gold needs to be watched to see if it can hold somewhere close the original breakout level. For those of you accumulating physical gold and silver, simply make your purchases at the same time each month or quarter. Do not try to time the metals markets.
***To listen to the powerful audio interview where Alasdair Macleod discusses the possible collapse of the LBMA, trapped bullion bank gold shorts and much more click here or on the image below.
Michael Oliver – This Is The Kind Of Selloff You Are Going To Get All The Way Up To $5,000-$10,000 Gold
***ALSO JUST RELEASED: GOLD TUMBLES $120, SILVER PLUNGES 15%: Michael Oliver – This Is The Kind Of Selloff You Are Going To Get All The Way Up To $5,000-$10,000 Gold CLICK HERE.
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