How Low Gold Prices Going?

We continue on in the gold correction, and it of course generates the question of how low gold prices will go before they start their move upward again.

The best thing to consider at this time with gold prices is not how low they will go, but using it as a buying opportunity as it falls, as there's absolutely no doubt gold will rebound, and when it does, those getting in on the lower prices will benefit strongly from it.

In other words, resist the temptation to try to time the gold price drop in the sense of how low it will go, trying to get in at the absolute bottom, and instead buy in at a good point, which now has already dropped from the high which reached just under $1,250 an ounce, to $1,183.70 an ounce as of 12:00 p.m. EST today.

How long that kind of fall will continue is unknown of course, but when you have a correction of almost $50 an ounce, you want to take a seriously look at buying more gold for sure, as the plunge can't continue with the favorable conditions for gold we're in at this time.