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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Why the price of silver will recover and how to play the rebound

Posted on 18 October 2013

During this prolonged downturn in the precious metals market, many mining companies are struggling to turn a profit and have either slashed or completely abandoned exploration activities to lower their total all-in costs.
While I do believe that gold (GLD) and silver (SLV) are due for a breakout because of the debt situation facing the US and the inevitable spike in inflation from the easy-money policies of the Fed, it is very hard to say when this will happen and it could take longer than expected. I had previously predicted a breakout of $1,500 gold by November, but it is looking like it could take a little bit longer for this to play out………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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