Recent commentaries

Yes, the short-term situation is once again mixed for the yellow and white metals; however, the long-term sentiment appears positive. In case of very short-term move, decisions should be made with caution.

From a long-term perspective, the outlook for gold appears bullish, but the short-term situation is mixed at best. The situation for silver also does not look too favorable either.

Simply put, the situation looks bullish in precious metals market. The outlook for the currency indices and stock market from a long-term perspective indicates that the rally in precious metals is not yet over. On a comparative basis, silver appears more likely to push gold higher than gold is likely to push silver lower at this juncture.

Favorable currency fluctuations and market fundamentals support precious metals market at this juncture. Consequently, gold and silver mining stocks are poised for an upsurge and a rally could be seen from the current levels. A strong correlation with precious metals encourages investments in gold and silver mining stocks.

The increased world geopolitical tensions appear to have increased the appeal of gold, silver and mining stocks as they managed to move more or less independently from other markets. The trend remains positive for precious metals and recent price declines appear to be attributed simply to a short period of consolidation. No significant, bearish signals pointing to a downturn are apparent at this time.