Thursday 16 May 2013

Gold and Silver slammed: Another End Game Scenario?

Silver Price


Gold Price
Looks like Silver is heading back to $22, and Gold is probably heading back to $1350 range.
I should advise on collection for Silver now, while Gold is a wait and see. Even so, only invest half of your intended amount, as the other half should be used incase if Gold and Silver broke previous lows. Be mindful that stocks for both precious metals could be limited, and don't take my advise as if. Do your own research.

On the other hand, the KLCI failed to break 1800, and as of today, is trading at 1770, down 12 points from open. There are some major profit taking, which is normal. I believe that the real condition of the economy : no real profits, lackluster demand; will begin to set in, and take its toll on unreasonably high valuation for some companies. 

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