Kitco News speaks with Adrian Ash, head of research for
bullionvault.com, about the current sentiment in the metals markets as
well as reasons why gold prices are not moving higher. According to Ash,
the overall sentiment at the LBMA/LPPM Precious Metals Conference is
"guarded optimism" and the big drops in gold prices this year cleared
out a lot of the speculative cash that came with the bull run. "I think
there's continued growth in private investor demand, people are still
looking to have gold & silver as portfolio insurance," Ash says.
"What you have now is a situation where the sense of crisis and the
reasons that were driving people to buy gold, people are getting bored
with that now." With regards to Fed, Ash says it is clear now that the
impact of QE will not be strong on the gold price anymore. "What really
drives gold prices up and down is investor sentiment," he says. "It's
all about western investment dollars." Tune in now for more LBMA
coverage. Kitco News, October 1, 2013.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Silver to become a rare earth metal , it is Extremely undervalued. Silver to become extinct by year 2020 according to geologists only 300 millions ounces left! Silver is consumable industry metal it is used up : 95% gold ever found is still around 75% of silver is a by-product of mining other metal only 25% is primary product of mining,In 1480 the price of one ounce of Silver was equal to one ounce of Gold, Low supply, high demand Price to skyrocket get your silver and stay long!
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