DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: PaperPerson	12/16/2011 6:03:53 PM
	Read Replies (1) of 4690

Gold, Silver, Likely To Consolidate For Several Months, Silver Worth Buying Sub-$30/Oz – Morgan 15 December 2011, 2:22 p.m. By Kitco News kitco.com (Kitco News) -After this week’s severe price break in gold, silver and other markets, the precious metals may consolidated at lower levels for several months, says David Morgan, a well-known independent silver investor. He says gold’s move from $1,500 to over $1,900 an ounce this fall was not unlike silver’s move from $26 to near $50 an ounce this spring. “Granted it wasn’t as parabolic as silver, but gold moved higher rapidly,” Morgan says. Morgan correctly called the top of the silver market this spring. So far silver and gold are holding above the September lows of about $26 and $1,531, respectively. Morgan considers silver worth buying if prices are under $30 for investors with a two to three year time horizon. March Comex silver settled at $29.274 an ounce.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next