Gold and silverprices are less than encouraging so early in 2012. But are the signals we’re seeing in Europe something worth shouting about?
It’s been about a year since I started commenting on the price of silver and precious metals in general.
And one thing is for certain it has been a terrifying ride.
With highs of $48.00 back in April to the low of around $26.00 we experienced in December. I mean when we look at the fundamentals there’s every reason to believe silver is the wonder investment metal and yet many have been shocked by the experience.
The problem is some expected an instant gratification with a short-term trader mentality. Shockingly I think you’ll agree with me clearly this was not the case with the silverprices.
The good people over at GoldMoney Research show how the metals have faired in 2012…
Personally I think silverprices could surprise even the staunchest bull this year. But then again I am not sure this year has started quite where the average bull would have hoped.
What’s your take on precious metais in 2012….let me know when you think silverprices will recover?