First I would like to wish you a very Merry Christmas! I know that we are still 2 days away but I am already in the mode of celebrating.
Now it has been a sideways week for precious metals which has cause many to rethink their positions and others to claim that metals are about to go crazy. I’ll let you be the judge. . . Here are a few articles that I found this week that you may find interesting. As always, please leave your comments below.
Gold prices: Could they hit $2,500 in 2012? - Gold prices will rally again in 2012 to reach $2,000 to $2,500 per ounce because demand is still strong and the precious metal is still seen as a safe haven, according to Sabine Schels, a commodities strategist at Bank of America Merrill Lynch.
Some Experts Warn Gold Could Drop to $1,000 – The price of gold bullion has dropped more than 17 percent from an all-time high reached in September as strapped hedge funds and sovereign funds sell the precious metal to raise money and the strong U.S. dollar strips it of its safe haven status.
World Economic Trends & the Future Price of Gold - I have no doubt that gold will move up sharply in the years ahead, reaching heights that might lead some to label me a “gold bug.” I believe that the price of gold will, over the course of this decade, reach a multiple of recently prevailing prices.
2012: Expect Gold To Take Off As We Approach Phase 3 Of The Bull Market – Gold has been in a decade long bull market with steadily rising prices. The price of gold has already gone up by more than 6 times, and a lot of investors seem to be asking how much further it still has to rise or if it already has reached a top.
Why Gold Prices Are Falling Again – Investors who bought gold as a hedge against the crisis in Europe may be surprised that the price of gold is falling so rapidly. Shouldn’t the prospect of concerted action by central banks to stem a crisis in Europe send gold soaring?
2011 Silver Market Trends – At the ETF Securities Precious Metals Conference on December 1, Jim Steel, Commodities Analyst for HSBC, noted that the metal had experienced a 38 percent correction from its peak, but added it had still outperformed most asset classes.
Why Silver Could be the Hottest Commodity of 2012 - Silver is already found in just about every electronic device modern society runs on, from appliances to cell phones to computers to MP3 players. And as the rest of the world ramps up its usage of silver, supplies will become even scarcer.
That’s it for now. Enjoy the holidays!
