According to
Gold and Silver Market Morning, the price of gold pulled back by $18 to $1,667.70 an
ounce. Silver traded strongly and closed $31.66 compared to the opening price
at $31.69
But after
that fall, it is expected that the price of GLD and SLV will rise according to mutual fund managers.
And wow!
Federal Reserve’s bond has pushed the balance sheet value to a record $3
trillion which is equivalent to the reserves of China. Since the economy of
China doesn’t seem to be taking off well, this has not been received as a
positive gesture.
What follows
is great uncertainty in the GLD and SLV markets; hence the investor should be very cautious now.
However,
silver is enjoying a huge pullback than gold and the prices are far much
excellent. In case the upward trend persists as mutual fund managers predict,
then it will fly much higher than gold.
For more information, check Goldseek
Chart from Kitco
