Gold Trust Adds a Little Gold
Source: Seeking Alpha, Tim Iacono (8/13/10)
"It's not much, but it's a start."
Some people might be wondering whether they missed a buying opportunity in late-July; that is, when the metal dipped to $1,160 an ounce. Time will tell, but gold price corrections sure aren't what they used to be. For years, a 15% correction from a new high was a reliable buy signal, but we haven't had a move down of that magnitude in almost two years.