Gold and silver prices are plunging today. Gold and silver have broken below the $1,300 and $18.40 levels that I mentioned in yesterday's blog so if stop losses have not yet been triggered in these metals, traders should sell them as soon as possible. Today's sudden plunge was unexpected and I will comment on this later today or tomorrow. We are bailing out here to avoid any more unexpected damage, but I should point out that there is a good chance this correction will bottom in next week's reversal zone and that could be a good point to get back in and recover our losses. Stay tuned. Selling my long positions in gold and silver.