Results 1 to 8 of 8
  1. #1
    Veteran Member Ammeo's Avatar

    Credit Suisse has further Downgraded Silver !!!

    Global financial services company Credit Suisse last week further downgraded Silver and further added that even if it goes to the mid 20's level ,there is a likely chance it will fall again to the below 20 level... there is much long term bearish outlook on the metal..

  2. #2
    Senior Member LeeChang's Avatar
    Yes, more and more institutions are putting bearish expectations on their sites, but that could also be an indication of trend reversal. I also think that it is a way too early to expect recovery in the precious metals market, but we have to be patient and to wait because the long term trend will continue up in the future. Even if we see levels as low as 20 that could be only good entry point for long term investment in silver.

  3. #3
    Specialist Member LesterK's Avatar
    I am becoming a gold bear steadily after watching the market going lower and lower. Even if there are some buyers they are disappearing very fast after that. I think the market will be bearish the whole year.

  4. #4
    Legendry Member Michael Hodges's Avatar
    I have to agree with the bearis sentiments on gold and silver. I have not been a silver watcher but I follow gold, gold is down and I think likely to retest lows and maybe make new lower lows. Silver, from what I have seen, has moved even lower than gold on a percentage basis and has further to fall if the trend keeps up. I like to use the gold index GOX as an indicator, it tends to lead spot prices for some reason- at least it has been over the last few months. Maybe a silver index could do the same for that metal?

  5. #5
    Veteran Member Ammeo's Avatar
    To me its looking like its going to be another range formed in Gold in the 1350-1550 zone for the rest of the year but the overall trend and market outlook from many Global banks and financial investment firms is Bearish...i wont be surprised if it'll remain below the 1500 level for the rest of the year...

  6. #6
    Legendry Member milos's Avatar
    Click image for larger version. 

Name:	silver.jpg 
Views:	1 
Size:	101.5 KB 
ID:	466

    During 2013 silver has been dropping.It has bearish trend.Price of silver has dropped the lowest level since October 2010 and platinum dropped to it's lowest level since August of the last year.Significantly weakened and price of other commodities such as industrial metals and oil.mostly out pf fear of the slowdown in the Chinese economy.Silver is being followed the price of gold.

  7. #7
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Ammeo View Post
    To me its looking like its going to be another range formed in Gold in the 1350-1550 zone for the rest of the year but the overall trend and market outlook from many Global banks and financial investment firms is Bearish...i wont be surprised if it'll remain below the 1500 level for the rest of the year...
    $1500 is kinda high for the range but it is possible. I think the markets are going to get over this little hiccup soon and gold prices will trend lower in the face of stabilizing world economy.

  8. #8
    Legendry Member milos's Avatar
    Gold prices rose after two days of decline. The data were published last night that showed decline of the manufacturing sector in China in May, for the first time in seven months, prompted the demand for gold as a safe investment. Commodity prices and stocks dropped sharply while the price of gold grew by 1.72%. Gold has traditionally been the role of inflation protection in the market to reduce the monetary easing negative effect on its price.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3