Who said we should buy precious metals such as gold and silver when gold was at USD 1280 and silver was at USD 15:90. For gold, the spot price have slumped dramatically from USD 1300/ozt to USD 1228/ozt within one month. For silver, the spot price dropped from USD 17/ozt to USD 15.52/ozt during this month. And the spot prices haven’t found any support to rebound. Beware of the dead cat bounce.