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Gold And Silver Keep Rising - Future Expectations

Monday, April 18, 2011 - 2:50 PM
CNNMoney.com reports on the latest news that's helping push up gold and silver prices:
Gold and silver shot up Monday after the credit rating agency spooked Wall Street by revising its outlook for the United States' debt to "negative."

The article also provides some commentary about future prices. The following prediction seems reasonable, but it looks like market timing, something that has never been reliable.
Gold and silver keep rallying until it's painfully obvious that Congress and the president can come up with a real long-term budget deficit solution.

2
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Tuesday, April 19, 2011 - 7:47 AM
Not a big surprise. The precious metals market reacts to any news. What is the real impact of the S&P announcement? Here is a discussion forum that debates the significance of it...

http://www.nytimes.com/roomfordebate/2011/04/18/is-anyone-listening-to-the-standard-poors
2
ShorebreakShorebreak2,613 posts since
Apr 6, 2010
Rep Points: 14,167
2. Tuesday, April 19, 2011 - 7:34 PM
Thanks for the link. I posted it in this thread. I also added a link to Allan Roth's article which looks into why Treasury yields went down after this.
1
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
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