Ongoing strength in energy prices is perhaps the most critical element in a continued run in gold prices, but the rise in oil prices can't become so strong that growth is undermined. |
Silver remains in a unique position to benefit from a sagging dollar, positive equity market action and rising energy prices. |
This market will probably continue to be quite volatile. |
With generally favorable world equity market action over the last several sessions, and a lot of talk about new commodity funds getting involved in the metals, we have to think that the trend in gold will continue to point to the upside. |
With the copper markets and some of the base metals seeing a positive flow of buying interest lately and the U.S. stock market hinting at even better economic conditions ahead, the overall environment for metals is supportive. |