Thursday, July 09, 2009

Buy gold, silver stocks before larger-than usual seasonal rally - National Post

While gold and silver prices have not seen their annual summer pullback this year, they have remained "stagnant" and are likely to stay flat until August.

"With a small increase in investor and physical fabrication demand, prices will move much higher during the seasonal rallies of August-September and November-February," David Christie, geology analyst, said in a note to clients Monday.

"We believe that over the next month investors should move to overweight gold and silver equities in anticipation of higher commodity prices."

No comments:

U.S. National Debt Clock