The Gold Correction Explained

Roger Wiegand explains what happened to the Gold prices recently and why we saw that 100 dollars corrections : ....well 3 things happened that fundamentally moved markets the last couple of days , the Swiss put a cap on their currency which is capital controls on money , I was very disappointed to see that and I can understand why they did it , the Swiss franc which was the go to currency is down , that makes it virtually untradable , that was one of my favorite currencies to trade , next thing was that the German Congress agrees to give cash to Greece and Portugal this means that Germany is going down to slippery slop , the selling in Gold today was just a normal profit taking the trend remains up , there is no problem with gold and silver