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	<title>Nation of Cards &#187; silver</title>
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		<title>Silver and Gold Buying Opportunity?</title>
		<link>http://www.nationofcards.com/2009/02/26/silver-and-gold-buying-opportunity/</link>
		<comments>http://www.nationofcards.com/2009/02/26/silver-and-gold-buying-opportunity/#comments</comments>
		<pubDate>Thu, 26 Feb 2009 13:09:33 +0000</pubDate>
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				<category><![CDATA[gold]]></category>
		<category><![CDATA[silver]]></category>

		<guid isPermaLink="false">http://www.nationofcards.com/?p=129</guid>
		<description><![CDATA[&#8220;Franklin Sanders&#8221; at the Silver and Gold blog, thinks that this gold and silver price plunge is short-term and represents a strong buying opportunity, with gold bottoming in the $925-$890 range.
FWIW, I&#8217;d agree. This looks like standard profit-taking and runs strongly counter to the ongoing drumbeat of profligate spending and tax increase news piled atop [...]]]></description>
			<content:encoded><![CDATA[<p>&#8220;Franklin Sanders&#8221; at the Silver and Gold blog, <a href="http://goldprice.org/silver-and-gold-prices/2009/02/silver-and-gold-prices-are-presenting.html" target="_blank">thinks that this gold and silver price plunge is short-term</a> and represents a strong buying opportunity, with gold bottoming in the $925-$890 range.</p>
<p>FWIW, I&#8217;d agree. This looks like standard profit-taking and runs strongly counter to the ongoing drumbeat of profligate spending and tax increase news piled atop negative economic reports and continued bailout needs. </p>
<blockquote><p>Silver and gold prices continued correcting today. The Gold Price dropped 3.40 to close at US$965.70 at the Comex close 12:30 Central time, but dropped US$15 in the aftermarket, on no news that I saw. Gold must reckon here with a correction to US$925 &#8211; US$890. I expect this weakness will pass quickly, say, two or three weeks at most.</p>
<p>The Silver Price dropped only 12 cents today to $13.8750, but shaved off another 23.5 cents in the aftermarket to $13.64. The same normal, natural correction has hit both metals. Silver has strong support at 13.50,13.20,12.80,12.50, 12.00 and 11.00.</p></blockquote>
<p>via <a href="http://goldprice.org/silver-and-gold-prices/2009/02/silver-and-gold-prices-are-presenting.html">Silver and Gold Prices: Silver and Gold Prices are Presenting Yall With a Rare Buying Opportunity &#8211; Watch, and Dont Miss It</a>.</p>
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