Gold Off Recent High

Gold has been dropping like a “gold brick” in the past week and is retracting from a recent high of $1000 per ounce.  This perhaps is a good buying opportunity before it shoots up again.

The only problem is that gold is scarce but I keep calling all the local dealers to see if someone is selling.  Usually on dips, the dips sell and the smart people buy.  Hopefully a few dips will sell their gold tomorrow.

One dealer just got in a 1000 oz. bar of silver.  It was hard to believe that this silver brick was nearly 63 lbs.  He wanted about 14k for it.  Now if it was gold and I had a spare $939,000, I would have bought it.