US Fed Decisions To Bust Gold, Silver Price Forecasts For 2014? - Seeking Alpha
This is a great article on the forecast for gold and silver prices in the coming year. UBS has predicted $1200 for gold and $20 for silver. So far, the bearish forecasts for precious metals have been right, and there is no reason to expect anything different in the future. In another blog article, I pointed out that the World Gold Council has statistics showing a clear decline in the demand for gold. When the Federal Reserve starts to taper QE, that will be another reason to avoid gold and silver stocks. Also, there has been a mass exodus into general indexes, large cap stocks, and tech stocks. Moreover, there is no way to know exactly when it will end.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment