Q: Today the precious metals are being clobbered in an out of the ordianary way. Do you think this is the watershed moment for precious metals and the peak has been reached?
What is your take on the activity?
Sheldon
What is your take on the activity?
Sheldon
5i Research Answer:
Giant declines are not unusual after giant gains, and thin holiday trading can amplify moves. There were rumours of some forced selling in silver today, and gold went along for the correction ride. We can't predict prices but the activity does not seem out of the ordinary to us, really, considering recent big up moves.