Slide 2
Slide 2 text
Last week, we said that Gold would recover and which could have made it to 1,595 and 28.50 respectively for Gold and Silver.
Last week, Gold went upto 1,589 & Silver went above 28.00. We had also mentioned that Friday is going to be highly volatile.
And a sharp fall was witnessed.
Now, every other person is saying that “Gold and Silver shall decline”.
A major question that arises here,“ Is the Precious Period of Gold & Silver practically Over??? Do you really think that
Gold and Silver wouldn’t ever come up?”
Our answer to this question is clear cut viz. No. We are yet to witness a new bull phase in bullion.
The bullish mood of bullion which had fought inflation in recent decade shall resume after a short period.
And as per our knowledge, again in 2 -3 years, Gold and Silver will be on all time new heights.
Let’s have a look at the journey of bullion in past.
In 2009, Gold started its journey from 800$/Oz and went up to 1,150$ /Oz. Similarly, Silver started its journey from $10/Oz to $18/Oz.
In 2011, Gold started its journey from 1,400$/Oz and went up to 1,850$/Oz while Silver went up from 25$/Oz to 48$/Oz.
In May 2011, again a fall was seen in bullion and Silver went down from 48 to 28$ while Gold went down from 1,850$/Oz to
1,550$/Oz.
Again in last year 2012, Gold started its journey from 1,550$/Oz to 1,780$/Oz while Silver started its journey from 28.00$/Oz to
36.00$/Oz.
It made the mentioned high and then declined. This is not for the “FIRST” time that we are witnessing such falls in context with
precious metals.
These sorts of fall have already been witnessed in 2011, 2012 and several others years. The fall that has come currently may continue
further for a very short period and then bullion shall enter in recovery mode.
Before this year’s Diwali (October 2013), we shall see Bullion at highs.
There’s a great thought written by the highly respected investor Warren Buffet - “Be Fearful When Others Are Greedy and Greedy When
Others Are Fearful”.