Will Gold and Silver continue to Drop? What to do now that Gold and Silver Prices are Down?
Gold closed Friday at its lowest level since July 2011. In the last two days, gold was off about $79 and silver off about $1.60 at their worst points. Everybody is writing many reasons for gold and silver move but no-one know for sure where the bottom is.
My advice: hold your gold and silver.
Keep in mind, gold will end the year much higher than where we stand today and I trust the precious metals bull market will see gold and silver prices much higher before it is all over. Hang tight!
For long term investors: the gold prices may be more down but there is severe uncertainty in the market and it may be a better option to buy gold now.
I have Gold and Silver hurdle, support & resistance below: [Only Subscriber can see]
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Gold & Silver – Accurate Manipulated?
Charts do not lie. There are a slew of highly respected PMs “gurus” with extensive followings. None we know of have been on target in the past year. Not only are the trends still down, prices made new recent lows, again, within the trading range, but nowhere near the “prices will reach levels you cannot believe” area.
Here is another look at the “manipulated charts,” [we do not know of a better source], to see how developing market activity is “developing,” under the circumstances. With “guru” estimates very high, and prices currently relatively low, the charts remain the most reliable barometer, for obviously, they do not lie, whatever may be the lies behind them.
No conclusion drawn about the current trading month for it has just begun, and no one knows how/where it will end. The chart comments need not be repeated, but the labored decline since the last swing high is a message from the market…just not fully played out.
The primary trend remains up, but its current correction keeps price range-bound, net a positive trend sign.
Just, Watch all Chart of Gold and Silver. CliCk on Charts for Bigger…
COMEX
Do you remember May 09, 2013, morning at 9 O’clock I had written article on gold “
Technically and fundamentally, silver is looking weak. Silver may take U-turn from 42,591 level and it can touch again
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