Since April 1, precious metal bears should have been happier than a baseball fan sitting behind homeplate on Opening Day. Because, while that date did begin the 2013 Major League season, it also marked the start of an uninterrupted downtrend that has seen gold and silver prices plunge to nine, and eight-month lows, respectively.
But according to this April 3 news source, many market participants were ill prepared for the synchronized sell off: "Precious Metals Decline, Led by Silver... It was a big shock to the market and it reacted accordingly." (Associated Press)
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