You have to give Larry Edelson of the Uncommon Wisdom Group some credit for warning as far back as December 13 in one of his videos, that gold would correct sharply down to 1325 (perfect call) then possibly 1275 or so before heading back north with a vengeance. Just a needed correction in his opinion.

Even after yesterday's move to the upside with the juniors taking off, he came back early this morning saying flat out not to buy the PMs now but to wait. More yet to the downside, as is occurring. If he's clued in to cartel shenanigans in advance, as some have suggested, he's pretty much spilling the beans of their game plan. He's got some big ones, imo, since he's liable to lose subscribers with a really wrong call. Time will tell.

I am not a subscriber to anything from that group, although I often watch their videos that they frequently send out as part of their effort to generate more subscribers.

If interested, Larry Edelson's latest is at the Uncommon Wisdom site:

http://www.uncommonwisdomdaily.com/don’t-touch-gold-or-silver-right-now-11123?FIELD9=4