Gold Rebounds as Investors Look for Re-Entry Point

That 3.4% bounce was overdue after gold got hammered from $5,200 highs. March's 13% correction brought us back to levels we haven't seen since early February. The weak hands got shaken out during that five-day slide. Now we're seeing institutional money step back in around the $4,500 support level. COMEX registered gold dropped another 200,000 ounces last week while eligible stocks barely budged. Physical demand never wavered during this correction. Central banks added 31 tons in February alone. This pullback gave stackers a gift - anything under $4,600 is still a discount from where we'll be by year-end. The gold-silver ratio hit 63:1 during the dip, making silver the better value play right now.