Gold, Silver At A Crossroads: Opportunity For Gains Or Risk Of Extended Decline?
Gold and silver prices, after peaking in 2011, have sought to reestablish foundation levels. They seem to have succeeded in two ways.
First, both metals once again travel in unison with silver having given up its wanderlust. Since their lengthy uptrends began in late 2006, both have risen about 200%.
Second, they have recently had similarly encouraging price movements, testing downside breakouts, then easily reversing them – typically, a sign of strength. And now both have regained lost ground, rising to key upside barriers.
So, what’s next? While there is the opportunity for further gains, there is also the risk of a significant, extended decline.
This article is posted on SeekingAlpha.com
