Ok so it has been a while since my last post, but in this time we have seen silver and gold hit new record highs. At present both gold and silver look well supported for the coming future.
This week we have seen further weakness in the global stock markets and especially in the Eurozone where there are now fears of a banking crisis. This would enhance both the prices of gold and silver, expect gold to break through the $2,000 p/oz soon and with silver hitting $60 p/oz around the same time.
But until then I think we could see a slight pull back in both metals before we see a rally forward. I am tipping gold coming back to $1600-$1700 p/oz and silver some where in the mid $30 dollar range. This will present a great buying opportunity for both metals so dont miss out.
So if you haven't invested yet I would advise to get into either gold or silver before you truly miss the boat, I think once we see gold prices above $2,000 p/oz there maybe no stopping for the short to medium term.
Expect to see the silver price touching $100 p/oz before the end of 2012, maybe mid next year at the eariest.
