Gold & Silver Panic: Gold Falls Over $100/oz, Silver $3.50/oz

Chris | InformationLiberation
Sep. 26, 2011

Update: Both metals have recovered and the panic is over for now, gold is down $50 and silver is down $1.

The gold and silver markets are in a panic, gold has fallen over $100/oz and silver is down $3.50/oz. News Europe is supposedly planning a multi-trillion dollar bailout has apparently not influenced the market as traders are still selling off like crazy.

(Charts are live)

Here's a chart showing gold's major corrections from 2001-2010, right now gold has fallen 20% from it's recent high, so this is the third largest correction in the last ten years.













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