 |
Gold keeps crashing. Ditto for silver. So the question is: Are we near a bottom yet?
I can’t tell you precisely what the low will be.
No one can. All I can tell you is that …
1. Timing-wise, we are very close to what could be the final low for precious metals in their two-year long interim bear market.
2. Price-wise, we are also very close. As I’ve told you before, long-term support levels come into play at the $1,170 to $1,200 area in gold.
In silver, the long-term support levels are scaled in from $17.70 down to $16.33. Silver’s now lagging just behind gold, but it’s almost there now too.
Click here to read the full article …
|
EDITOR’S PICKS
Dot-Coms and Bonds Aren’t So Different after All by Mike Larson Do you remember the late-1990s dot-com bubble? It all seems so ridiculous now, like some bad financial nightmare. But it’s a fact of history — and, unfortunately, one we seem to be repeating in another asset class. New Laws Help Seniors Manage Life Insurance by Weiss Ratings Insurance policies aren’t always the easiest to understand when it comes to the details. And many policyholders aren’t aware they may have the ability to convert a death benefit into a living benefit that will help pay for elder care services. Here’s Your Investing Playbook by Mike Burnick After the rally in stocks abruptly ended near the end of May, you may have Fed-induced whiplash. The Federal Reserve finally put an expiration date on its $3 trillion-plus bond-buying program, which sank stocks. |
THIS WEEK’S TOP STORIES
With the Market Likely to be Skittish, It’s Time to Go Back to the Basics of Investing by Bill Hall Rooting around in the underbrush of quarterly stock performance in search of wisdom can be frustrating. It often yields little significant insight because sometimes nothing much changes. Central Banks Prepare Another Bubble-and-Bust Cycle by Douglas Davenport Why has the traditionally conservative business of investing been turned on its head? Why have short-sighted, excessively risky trades become de rigueur? The answer is no mystery. It’s the fault of the central banks. Tenet Healthcare Agrees to Buy Vanguard Health by Weiss Ratings Tenet Healthcare Corp. (THC) agreed to purchase hospital operator Vanguard Health Systems Inc. (VHS) for $21 per share, about 70 percent more than the $12.37 closing price on June 21, 2013. |
Larry Edelson, one of the world’s foremost experts on gold and precious metals, is the editor of Real Wealth Report and Supercycle Trader.
Larry has called the ups and downs in the gold market time and again. As a result, he is often called upon by the media for his investing views. Larry has been featured on Bloomberg, Reuters and CNBC as well as The New York Times and New York Sun.
{ 1 comment }
I have gold for sale registration certificate.
goldnmetal10@yahoo