I gotta admit...I didn't see this "refuge from the Euro" trend coming. It's giving strength to the dollar and cover to the Fed for continued low interest rates. It'll be interesting to see how it plays out.
Currently: in UK/EU markets... GOLD @ $1,098.10/oz. Silver @ $16.87/oz. Platinum @ $1,609/oz. Palladium @ $463/oz. US market opening shortly...
Currently: at the US opening this Friday morning... GOLD @ $1,098.10/oz. Silver @ $16.91/oz. Platinum @ $1,607/oz. Palladium @ $461/oz.
I've been a big fan of Rob McEwen for many years. He's made me a lot of money. I watched the interview on youtube. Rob made his $2K forecast a number of years ago along with several others that have come true. I don't think he takes it seriously, but he sticks with it -- just in case. It was made back when gold was much lower in price to shock people into understanding that gold was undervalued and likely to move higher.
Currently: GOLD @ $1,106.60/oz.High so far today $1,107.90 Silver @ $16.93/oz. High so far today $16.99 Platinum @ $1,604/oz. Palladium @ $459/oz.
So they responded by firing a few shots before going down... How do you say "this is not a test!!!" in Korean? Currently: GOLD @ $1,108.90/oz.High so far today $1,111.00 Silver @ $16.94/oz. High so far today $16.99 Platinum @ $1,599/oz. Palladium @ $461/oz. closing in less than a hour...
No, I'm a thinkin' it might go below $1100 before it jumps up in April. At least I hope it jumps up in April and not fall down farther.
You know, I don't think it's a bad time to buy. It's more often than not, not a bad time to buy even when things seem high. Rather, I feel that as an investment, bullion be it silver, gold, etc., should be bought in small, regular increments. Keeping up with this 'strategy' allows you to acquire a lot of PMs at different price points and gives you ranges in which to sell later if you keep good records of what you paid. Waiting for any PM to drop to some specific price before you buy and you'll likely loose many buying opportunities or worse, you never realise that ideal buying price and loose a lot of time too. There are always risks, either way you go, but I'd kind of rather have some rather than none as time goes on. Diligence is necessary to avoid over buying at the highest points and much the same in the converse scenario when you sell or trade. Of course my comment is grossly over simplified, but I just hoped to give one perspective on your inquiry.
That's why I like the First Spouse series...as prices increase, mintages decrease. If bullion values increase...all is well. If they decrease, "hopefully" the numismatic value will keep prices high...in the long term, anyway.
Currently: in Asian markets... [Monday 3/29] GOLD @ $1,107.90/oz. Silver @ $16.97/oz. Platinum @ $1,607/oz. Palladium @ $460/oz.
Currently: in EU/UK markets... GOLD @ $1,111.20/oz. Silver @ $17.17/oz. Platinum @ $1,615/oz. Palladium @ $466/oz. US markets to open in about 20...
Currently: at the US market opening... GOLD @ $1,114.20/oz.Opening high at $1115.30 Silver @ $17.28/oz. Opening high at $17.31 Platinum @ $1,623/oz. Palladium @ $469/oz.
Currently: GOLD @ $1,108.90/oz. High at $1,115.90 Silver @ $17.40/oz. High at $17.45 Platinum @ $1,631/oz. High at $1,637 Palladium @ $479/oz. High at $481