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Silver Prices to Hit $50.00?
Despite the massive outflow of capital from commodities, a leading indicator suggests that silver prices are about to skyrocket. The last time silver priced approached $50.00 per ounce, it was preceded by a corresponding rise in this key metric.
The grey metal has depreciated by over 30% in the last 12 months. It’s a steep fall for silver, especially in light of the NASDAQ gaining nearly 15%. The pattern seems to indicate a clear direction for capital; out of commodities and into stocks. However, following the trend is the exact opposite of what investors should be doing.
We’ve all heard the maxim “buy low, sell high,” but most investors still end up doing the opposite. They forget that making money demands a willingness to move against the crowd and keep a steady hand during times of crisis.
Continue Reading>> Silver Prices to Hit $50.00?
