Gold and silver prices sharply reverse in wild volatility

From investinglive.com

The gold market has never seen anything like this. The moves over the past hour or so are historic as we've seen a nearly $500 intraday swing. There is no real catalyst here and that's what makes the gold market so dangerous right now. Volatility cuts both ways and when you get unprecedented moves to the upside, there is always the risk of the reverse. The old adage is that bull markets go up the escalator and correct on the elevator. That hasn't really been the case in gold as it hasn't had many sharp corrections but perhaps we're getting a taste of that today. Impressively though, the bids at $5140 have been strong ... (full story)