We are among the group that has called for a market correction for some time. The global markets reacted after the Chinese reports of contraction. Other factors governing the activity are the U.S. economy, corporate earnings, the labor situation, and of course the ongoing European debt crisis.
Spot market gold prices fell to a two-year low below $1,400 an ounce Monday morning, extending Friday's drop that took gold into bear market territory under the definition of a 20% fall from its peak.
