Silver/Gold Prices & Recession

Massive Waterfall in Silver Price

As Asian markets opened this morning, news of China and Japan's economy weakening drove prices lower than when US markets closed for the weekend. Gold should prove to be a superb entry between $1300 and $1400, while Silver should prove to be a superb entry between $21 and $25. Prices are just becoming too out of wack! Own physical!

Brent Crude Price

Oil price failed to breakout upwards, but instead is falling. Shortage of demand in many previously big consumer markets, could mark impending weakening market, paving the way to indicate that recession is already in place for many countries, and will kick-in for many more countries. However, it is worth noting that prices might still stay higher than 2008 levels due to increasing difficulty in petroleum extraction. The same is true for Gold & Silver mining. Ore qualities are diminishing fast, and coupled with higher oil prices, cost of production will stay high. Thus, low prices for both Gold, and Silver will not stay forever.