Hyper, Hypo, Circum or Dia?

GOLD IS CORRECTING

There is a lot of speculation (no pun intended) about what gold prices are going to do. Gold has been trending down since last Friday, with the trigger being the lower number of new unemployment claims. Some say this is a signal of the US Economic Recovery, and believe the desire for gold as a "safe haven" has  been squelched. I don't believe it, as I see no real signs of a "Recovery," unless the downward fall of the US Dollar is somehow a good thing.

I'm not selling my gold. Unlike the $US, there will always be some demand for gold.

I'm not buying more gold, either. However, silver is very attractive at this point. When the price of gold began correcting, it took silver prices partially along for the ride, too. And while Platinum is bucking the trend and moving up, it still has a way to go before it is at its historical premium over gold. I just don't trust Platinum. Manufacturing, especially that of automobiles, has to get pretty hot and heavy to increase real demand for platinum.

Interestingly, Silver is historically around 35 times less expensive as gold. Right now one ounce of gold could buy 65 ounces of silver!! There is a lot of room for profit in the "poor man's gold." I have to go for it!

Oh, and if gold were to "dive" back to the $900 level as some "experts" say is possible...gold would still be more than 52 times the price of silver, even if silver prices did not follow the gold price down!

As they say, "History does not seem like history when you are living throught it."

May God help us to be as the children of Issachar, and have an understanding the times. (I Chronicles 12)