Without looking at currency trade today, assume that PM was down due to strength in dollar. If you wanted to buy on a dip, now would be a good time.
K, so still dipping. Think speculators are pulling profits. Certainly isn't central bank sales pushing it down.
Don't know, Scott.Gold (GLD) looks like more of a short than a dip buy. Support looks to be around 103, not up here at 112. If I HAD to buy, I sure would do but a fraction of my stake at these levels.Even better support would be 100 which was the FEB and SEPT high from where the break out started.Once you get into the $90 to $100 area, there is a LOT of support there, and it seems to me that would be a much better spot to go long.That is, of course, if/when it retests that area.