Where are gold and silver prices headed? - David Erfle #5283

Where are gold and silver prices headed? - David Erfle #5283

By Kerry Lutz

Summary: Are you wondering where gold and silver prices are headed? In this episode I speak with David Erfle, who has been spot on about prices for a long time. In our conversation we break down some of the underlying factors that have affected prices—specifically corrections and the imminent quarter close. We also discuss inflation, which has played a large role in some of these fluctuations. Tune in to hear more from myself and Erfle, and get the full picture of what’s happening with the metals market. Highlights: -Where are gold and silver prices headed? -David Erfle has been spot on about prices for a long time -Perception is the buzz word with precious metals -There could be a bounce before the quarter close—it’s over-sold on the short term -Premiums have come down a bit, but in light of the last decline, they will probably shoot back up -The stock market is due for a correction -Gold stocks have gone from being hated, to investors being apathetic -In instances like this, you want to still be leveraged with stocks and still have a large cash position -The catalyst to push gold prices higher could be an official taper announcement at the next Fed meeting -Gold price will get hit more with a mediocre NFP -Everything is going up in price—commodities, natgas, etc. -Real inflation is here to stay -We are trying to solve a sovereign debt crisis with more debt -Insurance is on sale; the insurance is gold Useful Links: Financial Survival Network Junior Miner Junky
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