Due to the resumed currency wars, the stars are shining on the Precious Metals market, as predicted.  Some of the news was that the BRIC countries (Brazil, Russia, India, & China) have invited South American countries to join them in conducting trade in currencies other than the American Dollar.  OPEC nations are also discussing this option, since oil has been traded in United States Dollars as part of the OPEC agreement.

With all the international uncertainty in the markets, there is much confusion as to which way the next trend is (or the trades just for the next several sessions) not just in Precious metals, but also bonds, equities and commodities.  Gold and silver experienced a “running correction”  from their highs of just a little more than a week ago, and are now technically poised to continue on an upward price move.  Gold and silver coins, however, have not experienced the sell-off that the bullion, spot and futures did; in fact, the prices of the coins increased approximately 10% during the trading declines of the hard assets trading.

Economists agree that the outlook is not as rosy as the government figures would lead us to believe.  There are going to be corrections and there is much uncertainty about the effects still of the QE2 which will continue through June.  China and India have the strongest currencies presently, and also are the two LARGEST CONSUMERS of gold and silver, but especially GOLD.

Analysts are split on which way is up, but the prices are showing today that the correction seems to have run its course, and according to some of the experts at several firms, Blanchard Gold Advisor recommends purchasing gold/silver coins here and also adding to positions whenever feasible.

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