| The precious metals have been hammered recently as a rapid climb in the U.S. dollar has overshadowed any safe haven demand for gold, silver, platinum, and palladium. A higher greenback is a negative for precious metals because they are U.S. dollar denominated commodities. What this means is that when the U.S. dollar appreciates it makes these commodities more expensive for holders of international currencies, and thereby reduces their demand.
We know that history repeats itself and everything is cyclical. This means eventually the price of these metals will rebound, but right now given the climate, there is one metal that is best positioned to rally, and that is silver. Here is why...............................................Full Article: Source
|