Summer_SaleOn July 13, gold was still around $1,340 per ounce.   Since last Monday, gold has suffered a big drop, falling as low as $1,293 in a few days.   Many blame the decline on hawkish comments from the Fed’s Janet Yellen, who recently suggested the Fed could raise interest rates.  “Higher interest rates would encourage investors to switch to assets that, unlike gold, pay interest,” said the news service Reuters1.
Following Thursday’s news from the Ukraine, gold has rebounded from its low, but remains under $1,320 as of July 22.
Rick Rule, Chairman of Sprott US Holdings Inc., recently said gold could fall back another 10% as a normal event in this market.
I asked him whether last week’s step down had altered his views on gold for 2014:

Perfectly timed with today’s 5% cartel smash of silver, SDBullion has been announcing blowout Cyber Monday deals each hour all day!
If you haven’t checked SDBullion every hour today you missed:
2014 Silver Maples As Low as $1.79 over spot, 2014 ASEs $3.29 over spot any qty, Gold Maples $35.99 Over Spot any qty, 10 oz NTR bars 59 cents over spot any qty, 1 kilo gold RCM bars $14.99 over spot any qty, free s/h deals, and much more!

The details of each sale announced on the hour are displayed at the top of in a green tool bar.
Make sure you check back every hour or you may miss out on the biggest deal of the year!

Cyber Monday Deals Every Hour!

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