Modest price gains in gold, silver on corrective bounces - KITCO

The term 'corrective bounce' tells you everything about mainstream thinking. They see strength as temporary. I see it as institutions stepping aside while smart money accumulates. Gold at $4507 isn't bouncing from weakness. It's consolidating after breaking through every resistance level the banks threw at it. Silver's riding along at $69, still compressed compared to historical ratios. COMEX registered inventories keep shrinking while ETF outflows continue. Physical demand from Asia hasn't slowed. When Kitco calls it a 'modest bounce,' remember they said the same thing at $2000 gold. Stack the dips. This correction is gift-wrapping entry points for anyone paying attention to the fundamentals.