Friday’s Gold & Silver Price Drop – A Selection Of Thoughts
from Gold Silver Worlds:
With the gold price drop as high as 5.5% and the silver price 6.1% lower, it is mandatory to try to understand first and act later (except for day traders). As we wrote earlier today, the gold price drop was the 4th largest since the gold bull market started more than 12 years ago.
In this article, we have selected the most valuable thoughts that appeared today. A lot of articles and even more opinions appear on such a day, but it is critical to stick to the relevant facts. Everyone who had a position in the metals should take the time to look up what caused the price drop, study the state of the fundamentals and ask what the objective was to own the metal(s) in the first place.
Casey Research (via an e-mail alert)
“In spite of today’s price action, the fundamental reasons for owning gold have not changed. It’s important in times like these to focus on the big picture for our industry. The forces that will support and sooner or later drive gold higher remain in place, and in fact have become more supportive – whether they be increased global easing efforts, continued negative real rates, or a suspect economy that requires more and more government intervention to keep afloat.
Read More @ GoldSilverWorlds.com
2013-04-13 08:15:09
Source: http:///2013/04/fridays-gold-silver-price-drop-a-selection-of-thoughts/
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