A day after Fed chief Ben Bernanke told Congress that he "doesn't pretend to understand gold prices," gold experts weigh in with some explanations for what could drive the price of the precious ...
New York (April 24, 2013)—In recent days, gold has been on a roller-coaster. It hit a low of $1,321 an ounce in mid-April – a drop of nearly 11 percent since its April high and 25 percent lower than its historic high in August 2011 – then rebounded to stabilize at around $1,400. When the price drops, however, it can also signal a great opportunity to buy.
The sell-off in silver saw the price drop about 16 percent in April, and it currently down year-to-date 24.65%. Silver sits over 60% percent lower than its recent high of $48.70 in April 2011.
Regardless, silver seems to taken an over-reacted beating and underpriced taking one of the largest beatings since the 1980’s, and it has plenty of room to go much higher. This represents a great time to buy.
-If there’s one thing we have learned over the last few weeks when gold has been on a roller-coaster ride, it’s NOT to pay attention to the screamers who pretend to be experts. Anyone who’s watched the so-called experts and pundits on TV or read the panic-driven articles in newspapers and magazines knows what I’m talking about.
SINGAPORE, May 3 (Reuters) - Gold edged up slightly on safe-haven buying on Friday, heading for a second straight weekly gain, after the European Central Bank cut interest rates to an all-time low and ...
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