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Gold or Silver prices, what will make the prices go up?? Did we top out already?
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<p>[QUOTE="InfleXion, post: 1604703, member: 29012"]Short term, anything can happen. I don't see much downside for gold or silver at this point though. Gold is in the process of completing flag formations in numerous currencies, and I have a feeling it's due to break upward. Everyone worries about deflation, but a repeat of 2008 could spell the great reset so I don't think we'll get another gift like before, as in buying for ultra low prices. Plus with a steady stream of QE now I am thinking things will keep creeping upward until something major happens - failures to deliver, China announcing they have enough gold to be the world reserve currency or opening up a physical metal exchange, or more global unreset. Any of these could propel the price, but as long as things are status quo the paper markets will do their job and keep the price where it needs to be - high enough to avoid a shortage but low enough to deter as many potential buyers as possible, allowing for a slow, steady, and most importantly, largely unnoticeable rise.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1604703, member: 29012"]Short term, anything can happen. I don't see much downside for gold or silver at this point though. Gold is in the process of completing flag formations in numerous currencies, and I have a feeling it's due to break upward. Everyone worries about deflation, but a repeat of 2008 could spell the great reset so I don't think we'll get another gift like before, as in buying for ultra low prices. Plus with a steady stream of QE now I am thinking things will keep creeping upward until something major happens - failures to deliver, China announcing they have enough gold to be the world reserve currency or opening up a physical metal exchange, or more global unreset. Any of these could propel the price, but as long as things are status quo the paper markets will do their job and keep the price where it needs to be - high enough to avoid a shortage but low enough to deter as many potential buyers as possible, allowing for a slow, steady, and most importantly, largely unnoticeable rise.[/QUOTE]
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Gold or Silver prices, what will make the prices go up?? Did we top out already?
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