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<p>[QUOTE=&quot;Morgan1878, post: 561176, member: 17869&quot;]You were correct..a big reason gold &amp; silver have headed down is because the stock market has had a good run in March and the first part of April.</p><p>&nbsp;</p><p>Less fear in the market does not help gold..if enough people have faith in paper investments..why buy the hard stuff. Also India, a big buyer of gold imported net zero for the month due to the high price. The downward trend for gold however is likely tempoary. </p><p>&nbsp;</p><p>Even if the market continues its upward momentum, continuing weakness in the dollar and the possibillty of inflation down the road will see gold making another run at $1000. </p><p>&nbsp;</p><p>Long term forecasts predict $1200 for gold by 1st quarter 2010 &amp; $14.00/oz for silver. This is a big spread (ratio) between the price of gold and silver, but as yet, there is not a big demand for silver, unlike gold as a currency reserve. Part of the cost of buying precious metals is storage and gold takes up less space.</p><p>&nbsp;</p><p>Like the chart, the path to a higher gold price will not be straight up but will zig and zag.[/QUOTE]</p><p><br /></p>

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