It has been quite some time since I wrote another article. I usually don’t even write one when price of gold and silver is steadily going up with some slight corrections and bumps along the way. If I do that means that there is a big fall in gold and silver and usually it is those people who are new in investing who are in a panic. For those who have been investing with me for quite some time they know it is a good chance to rake in more moolah. To make things simple and address to all the fellow precious metal investors’ problems here I am to tell you what happen. Kudos to those that took my advice last time when there was a big fall and this should have been a good year for you despite the fall.

Gold fell by 5 % to about $1,690 an ounce for its biggest one-day drop

in more than three years and silver is down by $3 an ounce from session highs.  

So what is the main reason that triggers the fall? In his semi-annual testimony to the U.S. Congress, U.S. Federal Reserve Chairman Ben Bernanke did not mention another round of monetary easing which people have been hoping for. He said that while the decline in the U.S. unemployment rate has been more rapid than expected, it would not continue dropping unless economic growth accelerated. Bernanke’s remarks hit gold particularly hard because heavy bullish bets had been placed leading up to the European Central Bank’s offering of low-interest loans as it bought more time to sort out the debt crisis.

More >