Home > Uncategorized > Hammer Time for Gold, Silver

Hammer Time for Gold, Silver

Looks like gold and silver are about to get hammered down in price.

According to Franklin Sanders if gold drops and stays below $1,775 it may drop another $75 to $100 per ounce.

If silver drops below $34.00 and stays there it may fall down an elevator shaft or do an impression of Wile E Coyote:

http://silver-and-gold-prices.goldprice.org/2011/11/gold-price-remains-in-uptrend-closing.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+SilverAndGoldPrices+%28Silver+and+Gold+Prices%29

However, I don’t see any of the economic fundamentals changing so see no reason to fear a temporary drop in silver or gold prices. Time will tell.

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