from King World News
On the heels of gold tumbling $90 in early trading and silver plunging 8%, market veteran Alasdair Macleod told King World News that a big correction in gold and silver is not on the horizon, despite today’s pullback, and that a spectacular short squeeze in still in the cards because of a game-changing market shock.
A (small) correction in gold and silver
August 11 (King World News) – Alasdair Macleod out of London, exclusively for KWN: The intraday peak in gold was at $2,075 on Friday before profit-taking set in. It has continued this morning in European time, at the time of writing hitting a low of $1,984. The question arises as to whether this is the start of a larger correction. In judging this, we need to take a step back and reiterate some truths: