Chris Vermeulen, TheGoldandOilGuy.com believes that we’re getting very close to the bottom in gold and silver. When last we spoke, he said that he thought the weakness in precious metals was pointing to one more low before the trend reversed. Needless to say, Chris was right. Silver broke $18 the ounce yesterday and gold looks like it might break $1200. If that happens, even the most devout gold bulls might go running for the exits, in which case the low will be in and the bull will resume. Sounds logical to us.
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