It does have feelings. The "market" is a combination of millions of people and their emotions. If people get scared that means the market was scared.
That's a bit naive, isn't it? The market is mostly people more or less calculating their next move, not so much feeling what's right. During crisis times feelings can be more involved, but still not as much as stated above. People don't sell gold in huge sums because of fealing a bit insecure.
GLL @ $10.03 +8.3% ZSL @ $4.66 went as high as $4.79 17%+ gain Think you might be able to grab a tiny amount of profit in these, but I think in the short term these could head lower as gold and silver start to head higher after this recent sell off.
Investing and gold and silver for short term profit is not really worth the trouble. Not much money to gain but a lot of time worrying.
it only needs a breather if the run-up is due to speculation. In gold's case it's because of how the commodity is valued in relation to currency. Short answer: no. There will be profit-taking as people get scared but the medium-term trend is in-tact. Look for a reversal when the USD downward trend reverses.