Gold and Silver Update: “Have the Courage of Your Convictions and Hold Fast”

The last couple of weeks have seen stock markets bounce around inexplicably and reach new highs, all in the midst of an economy that is, once again, about to buckle.

Likewise, during this time period we’ve seen the price of gold and silver fluctuate significantly, primarily to the downside.

This has left many holders of these metals, as well as potential investors, quite nervous.

Is this the end of gold’s decade-long run?

More…

    
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Southernman
Southernman
11 years ago

This is really simple. Look who’s buying gold …. China, Russia, India, the Central Banks, George Soros and his ilk. Look at the stock market. On what basis has it reached new highs? Where is the underlying strength in the economy to justify the ‘strength’ of the market? The stock market is the ONLY economic indicator showing strength.

So, gold and silver low … stock market high. Can you spell MANIPULATION? It occurs to me that the buyers would like the price to be lower. Panic the holders into selling and the price comes down; then THEY buy. Simple market economics -- supply and demand.If we’re smart, we buy more metals while the price is artificially low.

Now is not the time for emotional cowardice. Now is the time for the strength of our convictions. We bought metal because we were convinced the ‘system’ is broken and will inevitably collapse. Has anything changed?