Gold Drops Below $800 … Time To Get In?

Gold contracts dropped $8.70 today to close at $799 an ounce on the Comex. Charlie Supapodok, a hedge fund manager said: "It's a normal correction in a healthy bull market, The gold price has been vulnerable to the rally in the U.S.  currency seen over the last few days as the greenback bounced back from record lows against the euro."

Mr. Supapodok also says a decline to $760 is very possible, but he expects prices to find chart support around that level before resuming an upward trend. [tags] spot gold price, gold, gold price, gold value[/tags] Pyrite  silver coins