Why Gold And Silver Prices Will Rise Soon

Precious metal prices have plummeted this week. Some experts advise this is because of the strength of the dollar or the global economy are behind the fall. One expert believes it happened because China closed for the week, and expects it to rebound when they open back up. On another note, this could be a great time for buyers to invest in precious metals before the bull market takes effect.

KEY TAKEAWAYS:

      • If you are a precious metals investor then you may be wondering why the price of gold and silver were absolutely massacred this week. Ask the expert pundits on financial media and you’ll get a swath of explanations for how the strength of the dollar or the improving health of the global economy are to blame. One could reasonably argue that dollar strength this week could certainly put downward pressure on the gold price. So, too, could one make the point that mainstream perspective is such that the economy is improving, which means investors aren’t in panic mode and have no reason to hold a safe haven asset. But neither of these arguments could realistically lead to the smack down we witnessed this week.
      • Had you been listening only to the big financial news sites, you would have noticed that they made no mention of this very important fact. With China closed the markets were open for rampant manipulation, which is exactly what happened as several billion dollars in leveraged paper assets were dumped on the market.
      • What does that mean for investors? This could be one of our last buying opportunities before the long-term bull market trend makes another move like it did in the first part of this year which saw precious metals rise amid market panic.

“One could reasonably argue that dollar strength this week could certainly put downward pressure on the gold price.”

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