“The suppression of gold and silver prices – something that’s increasingly obvious – is having a healthy impact on physical demand for both metals. China…became the world’s biggest gold-producing nation, keeping total output iwthin its own borders. China then embarked on an external buying program which saw it import nearly 800 tonnes of gold in 2012 alone. Elsewhere, India’s appetite for gold and silver is so strong that the government is trying to discourage demand to try to protect the country’s current account position. No one should be surprised by these developments. When the price of anything is artificially suppressed, demand for it will rise.”
Read this article here.
With gold, silver and Uranium stocks being out of favor one must decide if this is a problem or an opportunity. We have steadfastly refused to buy gold and silver mining stocks for the last two years and as evidenced by the HUI we feel that our decision to hold back has been vindicated. The damage done to the mining sector may not be over yet but this demise is starting to offer up some exciting opportunities in my view.
Great care will be needed in the selection process in order to generate a reasonable profit and that’s where our new venture begins. ‘Stock Trader’ has begun trading on behalf of ourselves and our much valued subscribers, all exciting stuff which we are really looking forward to, if you wish to join us then please subscribe below;
Subscribe for 12 months with recurring billing - $199
Buy 12 months of subscription time - $199
Don’t forget if you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stocks, silver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.