The recent selloff is just one of the many shakeouts that somehow manages to occur when precious metals are about to take off. For weeks we have stated that we were on the verge of a breakout at $35 in silver, $4 copper and $1800 gold. Coincidence??? Gold Stock Trades thinks not.
In 2012, we have recently witnessed a dramatic 18% move in gold from $1525 to approximately $1800 gold and silver has made an impressive 30% move from $27.5 to $37.50 since the beginning of the year. It is characteristic in gold and silver to witness short term volatile pullbacks at the beginning of major moves to shakeout the short term speculators looking for overnight riches and who lack patience and fortitude.
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