Silver and Gold in the NEWS
SILVER: $16.53 GOLD: $1295.90
I'll be up front and I'll say I am biased, as a Silver stacker, with Stackitis--
Do not listen to me for investment advice.
'Gold Prices Fall To Daily Lows As Strong Resistance at $1,300 Turns Back Rally Attempt.' source: Kitco News
http://www.kitco.com/news/2018-05-23/Gold-Prices-Fall-To-Daily-Lows-As-Strong-Resistance-at-1-300-Turns-Back-Rally-Attempt.html?sitetype=fullsite
'Silver refuses follow gold far.' source: seekingalpha.com
https://seekingalpha.com/article/4176320-silver-refuses-follow-gold-far
'Silver markets rally during the Tuesday session to test significant resistance.' source:
https://www.fxempire.com/forecasts/article/silver-markets-rally-tuesday-session-test-significant-resistance-503849
'Silver Has More Upside Potential Than Gold.' - Wells Fargo source: Kitco News
http://www.kitco.com/news/2018-04-29/Silver-Has-More-Upside-Potential-Than-Gold-Wells-Fargo.html?sitetype=fullsite
'For How Long will the Era of Cheap Silver Prices Continue?' source: Commodity Trade Mantra
http://www.commoditytrademantra.com/silver-trading-news/for-how-long-will-the-era-of-cheap-silver-prices-continue/
Last week, I said Silver was stable and gold was weak, and this week's news supports that opinion.
https://steemit.com/steemsilvergold/@cyber.explorer/silver-and-gold-in-the-news
Now, I don't expect Silver to spike overnight, or anytime soon. It's more like a ' Tortoise and Hare race' with Silver and Gold. Ultimately, I just think that Silver has the better investment spread over Gold, as a 25% increase in Gold over the next few years is hard to imagine at the present point. While seeing Silver increase up to 30% or even 50% more in the next 5 - 7 years, is not totally out of reality!
Anyway, those are my thoughts and opinions for the week. Thanks for reading.
Copyright 2018
@cyber.explorer
Unless otherwise stated,
all photo sources: me, with LG G5 phone.
other image sources and/or credits:
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I agree with you. JPMorgan is not stupid and they have 140,000,000 silver oz in their vaults...
Looks like the precious metals market is creeping up slowly against the tide of the manipulators trying to continue to prop up the stawk market. Silver is surprise soon, even BTC is trending down again.
Wouldn't it be great if they would just let the free market work?!?!?
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