Where Do You See Futures Prices Heading for Gold and Silver Commodities, Over the Next Few Months?
Sunday, November 30th, 2008 at
10:58 am
berman250 asked:
With the huge stock market drops in recent weeks, as well as overall high stock market volatility, silver futures have taken a HUGE hit, and Gold dropped a little bit as well. Does anyone have any opinion/idea on what direction the prices of gold and silver will head in, over the next few months? Thanks!
With the huge stock market drops in recent weeks, as well as overall high stock market volatility, silver futures have taken a HUGE hit, and Gold dropped a little bit as well. Does anyone have any opinion/idea on what direction the prices of gold and silver will head in, over the next few months? Thanks!
Tagged with: Gold And Silver • Silver Futures • Stock Market Volatility
Filed under: Commodity Trading
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it will go up. interest rates gone down.
Gold and other commodities are probably headed for the upside long-term.
In my opinion, gold and silver took a hit recently because the subprime crisis caused a flight to quality to bonds, not to metals. This is why short-term bond rates have been destroyed.
Longer-term, it looks like interest rates will come down like bullet b says, because the market, and borrowers in the market, desperately need that liquidity, which will lead to inflation and eventually probably prop up gold and silver. I don’t think the demand for commodities from countries such as China and India will lighten up for the foreseeable future, either.