I just want to get in a quick 'blurp' in about gold today.
Prices for precious metals has been slipping recently. When the fed reported they would taper on bond-buying, stocks soared and precious metals like gold did not. The price even fell below $1200.00/oz at one point. On top of that, mining labor, equipment costs, and related services almost doubled.
So How Will Gold Get Back Into The Game?
Gold may need to reach the $1250.00/oz before it can stabilize and move forward. As I believe the economy is still not as strong as being reported to the media, the price of gold, as well as other precious metals, should pop when our continued economic weakness has been realized.
!! Don't Give Up On Gold Yet !!
No comments:
Post a Comment