Fickle gold and silver prices – a pragmatist’s viewpoint

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Fickle gold and silver prices – a pragmatist’s viewpoint
“For whatever reason gold and silver prices have been falling recently, but this may be irrelevant in the long term scheme of things”

“Overall it would appear to the pragmatic observer that gold and silver are not through their bull runs yet as the global financial turmoil is far from over. The current gold (and silver) price hiatus is because many see the Eurozone crisis, which is the most newsworthy at the moment, as deteriorating further, but those fleeing it financially are putting their trust in the US dollar rather than gold. Given the U.S.’s own economic problems, which are neatly being hidden from public perception in the runup to this year’s Presidential election, this has to be a pretty shortsighted viewpoint and will surely come to an end before too long. When it does both gold and silver will likely resume their overall upwards trend – but probably not as rapidly as the major gold and silver bulls would have you believe.”

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