Why is Gold and Silver pulling back? Whats next?

gold overshot the inflation. In 1980 there was a month where we could have gone back on the gold standard. Take the price of gold X's all the ounces of gold and it covered the currency supply. Right now in dollars gold only covers about 7.3 Trillion. Its not different this time that's the point, gold has done this over and over throughout history. Gold is the benchmark to measure value and paper currencies; you are using paper currencies as a benchmark for gold.




David covers the reasons behind the major pullback in metals on April 12 and where they may go from here I measure "true value" in traditional purchasing power, which can be observed throughout a 100 years of $300 - $800 when adjusted to inflation. Using such a formula, the current expansion of currency and inflation is already included in determining where Gold should be priced at. If there were a bank holiday tomorrow, and the USD lost half it's value, an inflation graph would show little to no fluctuation. The historic value would simply change to $600 - $1,600, in post-holiday dollars.

Silver Market Coming Under Orchestrated Attack

By: Clive_Maund
Much of what is written in the parallel Gold Market update applies equally to silver, and it will not be repeated here. So we will proceed to look immediately at the latest silver charts.
Silver was a sideshow on Friday, as it was gold that came under an orchestrated attack, being driven down first in the Far East before waves of selling in New York took it lower and lower towards critical support, before it was dealt the knockout blow by the London physical market suddenly freezing up in the afternoon, sending holders of bullion into a blind panic and mad scramble to protect themselves in the futures market.
Silver was sideswiped of course and the collateral damage it suffered resulted in it breaking below a remarkably clearly defined and strong support level by the close, as we can see on its 3-year chart, a development which has set it up for a potentially brutal selloff and vertical plunge next week, as this has and will trigger stops clustered in this area, and we can expect hapless traders to be driven towards the exits by margin calls sent out over the weekend.
http://www.marketoracle.co.uk/Article39951.html
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

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Robert Kiyosaki ‏: There is nothing more dangerous than a person with only one right answer.
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