Long-term gold and silver holders are feverishly taking full advantage of the recent drops in the metals market.
While the current 15.6% correction can be described as “major,” the pullback is not at all surprising – nor even out of the ordinary – when taking this past summer’s substantial spikes in the market. For gold and silver enthusiasts, this opportunity is not to be missed for either fortifying personal inventory or – for latecomers to the gold rush – dollar cost averaging.
What does this say about 2012? Some analysts predict that Europe’s continued woes will push gold to $2,500. As for silver, according to historical charts, one cannot rule out $60 in the coming year.