Gold and Silver Prices May Collapse Further Warns Analyst
Gold and silver prices have dropped 31% and 55% respectively over the past year and a half. In 2011 silver prices were as high as $48.55 dollars; today we are at a mere $21.68 dollars. In addition, gold prices have also suffered. In June 2011 gold prices showed a high of $1901. Today gold prices have reversed much of their gains and are only in the $1300 range.
Well, not to worry says one investment analyst, Larry Edelson of Weiss Research. He is optimistic about the future of gold and silver prices and believes that the biggest bull markets in precious metals are ahead of us. Although, he still believes that the price of both gold and silver may have another movement downward. He has stated that he is getting ready to buy after the coming further sell-off, and is getting ready to buy again after some further movement downward.
After watching and listening to many precious metals analysts we have to vote Larry Edelson as our choice for the top market timer related to gold and silver. He urged his customers to buy gold when it was in the $300 range and over the past 2 years he has kept his investment newsletter readers out of gold and silver. While other analysts pushed gold and silver while it kept declining, Larry accurately predicted the rise and current reversal in bullion prices. So when Larry Edelson speaks, we at Gold Metals and Bullion listen. Read more on what Larry Edelson has stated about where he sees gold and silver prices in the next five years.
Paula A. Eden
Gold Metals and Bullion
460 Park Avenue
New York, NY 10022