Are We Now Heading For A Big Gold And Silver Price Correction?

This has been a wild week for the precious metals markets as the price of gold and silver soared Tuesday night with gold going over $1600 an ounce on the news of the Iran rocket attacks.

But then on the next day gold fell back down and the GDX gold stock ETF fell over 4%. Some are worrying that this is a sign of vicious manipulation. Others worry this is a sign of a major top.

I discussed this with Jordon Roy-Byrne who runswww.thedailygold.com. Jordon’s articles are often posted on kitco.com that runs kitco news. He is big at the Gold Investing conferences and a CMT.