That's a very big correction although of course there is precedent.
It gold does correct that much I will certainly be buying a lot of long dated call options on NCM as the general market panics.
However I find it hard to imagine gold correcting that much or even going much below 1200.
Obama's state of the union should see to that.
Twinsen
mar faber gold to correct by 20 percent, page-2
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