Gold and Silver Sparkle During Rough Week for Markets
Source: Marc Courtenay, Seeking Alpha (7/14/08)
A good example of analysts who believe a new spike upward has commenced is Peter Spina, of Goldforecaster.com who recently wrote that, "The growing sense of concern over the stability of the financial system is starting to teeter on the edge of a panic."
A good example of analysts who believe a new spike upward has commenced is Peter Spina, of Goldforecaster.com. We are told that he recently wrote that, The growing sense of concern over the stability of the financial system is starting to teeter on the edge of a panic.
There remain many, even those within the gold industry, ignorant to the severity of the unfolding financial turmoil. As the education process continues and the significance of situation deepens in severity, the destruction of confidence will translate into greater flow of capital into both gold and silver. Confidence in gold and silver's monetary integrity is backed up by many attributes including history itself.
Mining stocks have particularly been depressed and further short-term downside risks do remain. The valuations of these mining investments continue to diverge from the current metal prices and future prospects."
Sometime in the coming months there will most likely commence the start of a tremendous influx of investment capital into these mining equities. The risk to reward opportunities here are quite incredible...