In response to:

Gold - Waiting For The Correction

Hawker 1 Wrote: Nov 21, 2012 7:22 AM
I don't understand the gold and silver market . I inquired into buy some gold and guess what the ones I contacted wanted as much as a 30% mark up for gold bars or coins and would buy it back at about a 20% mark down from market price. Someone is getting hosed try to buy or sell gold and silver. Can anyone tell me how to buy at a decent price?

After a big day yesterday that saw gold prices up nearly $10 an ounce, expect some profit-taking to kick in today. 

In early trading gold is up $1.78 to $1,731.68 and silver is up $0.01 to $33.06 for a silver/gold ratio sliding to 52.3.  Copper and crude oil are both lower while platinum and palladium are mixed on light volume.

On a normal trading week you could expect some profit-taking to kick in today on some commodities after yesterday’s big day. I would not read too much into trends or...