Gold has pulled back slightly after reaching a high of $1222.70 this morning. Reports of stocks rising and the jobless benefit claims falling unexpectedly for the fifth straight week may have contributed to the slight pullback that gold is currently seeing. My advice, if you hold precious metals for long term investment and the preservation of wealth, do not stare at the ticker all day to see where your precious metals stand, doing so guarantees frustration, agitation, irritability and overall is bad for your health.
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