Technical signals look better for metals. And as gold and silver markets head into the final months of the year, prices have a base of support to build upon. Gold prices hit bottom in early August, meandered in September, and took off in October to return...
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Technical signals look better for metals. And as gold and silver markets head into the final months of the year, prices have a base of support to build upon. Gold prices hit bottom in early August, meandered in September, and took off in October to return to break-even for the year. Silver followed a similar pattern, though with greater volatility, as usual. Will the precious metals finish out the year strong and post annual gains? There’s a good chance they will. But in the bigger picture, these markets are still in the early stages of recovering from the brutal cyclical bear market that began in 2011. It’s been especially brutal for silver, which traded as low as $14.00 an ounce last November and again in August after peaking at more than $49.00 in 2011. Silver prices have rallied from their absolute lows. But it will take many months – and much higher prices – before the public is convinced that a new bull market is underway. That’s why retail buying has slowed from the frenetic pac
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