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 Paid Subscriber can see]
If you want to know more about Commodity Market than subscribe our service now. CLICK HERE TO SUBSCRIBE
Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.
