Posts tagged 'Gold and Silver'

Eric Sprott discusses the current correction in precious metal prices but also looks forward to better conditions in the weeks ahead.

Six years ago this week, COMEX gold and silver prices were deliberately smashed in order to take out critical support levels that had held since 2011.

“Modestly,” because spot gold traded essentially flat, declining 0.1% to $1,290.35, in concert with flat 10-year Treasury yields (down 1 basis point).

It remains “risk on” and stocks continue to move higher reducing the need for rate cuts or QE any time soon.

On a day like today, the irony of gold and silver losing key psychological support levels is beyond ironic, it is ludicrous.

The loss of purchasing power can be counterintuitive.

The S&P continues to move glacially higher, which doesn’t help Gold in the short-term.

Eric Sprott discusses the end-of-quarter selloffs seen in the precious metals but looks ahead to a rebound in the weeks to come.

Eric Sprott discusses the latest policy moves by the Federal Reserve and the pending impact on gold and silver prices.

I believe a return to QE is inevitable at this point. Any reversals in Gold present the final opportunity to “BTFD”.