October was very much about consolidation and recovery from the September correction. From trough to peak, gold recovered 8.9 percent to 1741 dollars/ounce, before sliding back to 1700 Dollars/ounce as October came to a close. For silver, trough to peak was 25.7 percent, seeing silver hit $35.42 before sliding back to around $33. Both are comfortably at what I would consider discount prices. - in Schiff`s Gold Newsletter
Tickers, SPDR Gold Trust ETF (GLD), IShares Silver ETF (SLV)
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.