According to yourdictionary.com, “buy the rumor, sell the fact – is an Investment & Finance Definition; A phrase often quoted by stock or futures traders that explains price declines that occur after an anticipated positive event has happened.”

Today gold continues its upward climb trading to a high of $1543.30 before settling just off of that price point at $1539.20 with respectable gains of $7.70 (+0.50%).

Today both gold and silver continued the dynamic rally that been the undertone to the precious metals recently. Over the last five consecutive trading days gold has closed above its opening price.