Mainstream financial experts are forecasting a down year for precious metals, particularly gold and silver. This week, it was reported that Goldman Sachs is predicting the yellow metal would decline to $1,050 by the end of the year, which would be an approximate 16 percent decline from the current prices.
It could come as no surprise that some investors in the financial community are holding back on precious metals because the government continues to promote the idea that the economy is improving, while others feel inflation is tame – not to mention the Federal Reserve is tapering by $10 billion.
To read this artical in full please click here. which we spotted on Economic Collapse News.
In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us at ‘Stock Trader’ our premium investment service.
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