Metals are still in stand-by, but this month we are going to have another busy month. Some gold and silver buying was featured today in the physical market. Also, the next week or two the move up or down will be more significant as Syria and taper talk will be back on the table. Tonight expect a nice P.R service from the White House. I would be extremely surprised (and very pleased) if the US gov. would change its mind and spare us from another war and more destruction, but that seem little unlikely to me…
Metals moving this week, many ASE and gold, numismatic down again. The $20 Liberty heads in MS 62 and the Saints in MS 63 are at the lowest premium percentage in a long time, and probably offering now a lot of potential upside for investors…just an idea for conservative gold buyers. I personally made a small purchase today with silver at 23$, I like this price point for a small buy and stand-by to see the next direction of the market. If (or when) the war starts, expect higher prices and less taper games.
Stay tuned, ciao!