4 Key reasons gold & silver must rebound

Posted | 27/06/2013 / Views | 1787
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4 Key reasons gold & silver must rebound

  • QE Taper talk is premature – it was conditional on a US rebound and drop in unemployment which many consider unlikely.  2 of the Fed Reserve governors have come out since stating they think it unlikely.
  • Eurozone debt issues – there is more and more press this week that makes a Euro collapse look more and more likely.  News yesterday that Italy’s 2nd largest bank says Italy is within 6 months of collapse amongst many other reports about the Euro debt bubble about to burst.
  • Bullion Banks going ‘long’ - Per recent posts the JP Morgans et al who have shorted this market all the way down have now moved long and will profit on any rise now. 
  • Supply & Demand – silver already famously undersupplied is now joined by gold as mines scale back due to low prices.  Demand still strong from ‘strong hands’, Eastern central banks and industrial use of silver.