Silver

Three steps forward, two steps back. That’s the way new bull markets are always born so what can we expect about the ‘two steps back’ story? In this context we’ll look at some Fibonacci retracement numbers for gold, silver and the mining sector.

I am of the opinion that the current level for gold, and gold and silver miners, is near enough to a bottom as to render the downside risk limited. This is a dip, so buy it; do not sit on the fence!

Bullion Management Group Inc. has expanded its line of bullion funds with the launch of BMG Silver BullionFund. It invests exclusively in physical silver bullion and is designed for investors seeking to add silver to their precious metals investments for long-term security and potential capital growth. For details on this unique investment product please read the abbreviated press release below.

The spike in gold/silver mining stocks convinced a lot of people that a new bull market had begun but last week's brutal smack-down scared the hell out of many of the same folks. The latest commitment of traders (COT) report, however, implies that we should all relax. Things are playing out pretty much according to a script that's been in place for decades - and which points to happy times by early next year. Let me be more explicit.

Gold & silver remain within the eye of a deceptively manipulated economic hurricane. [Please note that this article is Michael's last weekly commentary on the markets having concluded that...]

For the moment, we are in the calm of the proverbial eye of the largest hurricane ever, and it is the calm before the inescapable storm that will be more financially destructive than the 2004 Indian Ocean tsunami.

There is no guarantee the gold & silver prices will drop to the potential target areas listed. However, it is a distinct possibility, and you should be made aware...For those investors waiting on the sidelines, this could be another chance to buy.

If you want money and want to survive the massive economic failure that is destined to come, buy and hold gold and silver. The world has not been awash in debt more than it is now and that mushrooming debt cannot be sustained. What’s in your wallet? Words: 860

For as much as we favor - and expect - eventual higher prices for gold and silver, the charts do not indicate it will be any time soon. The following charts show you why.

Investors wisely seeking exposure to precious metals must deliberate between the convenience of buying shares of an electronically traded fund (ETF) and the ultimate security of owning physical gold and silver bullion. We tasked ourselves to take a closer look at each to understand their important distinctions.