Predicting Gold and Silver Price Bottoms is Hard

Sunday, July 14, 2013

Not to pick on McAlvaney Financial Group, but this video from April 12th demonstrates that price bottom predictions can easily be blown away.





While the overarching reasons for holding precious metals - instability in the financial system, money printing, government debt, currency wars, etc. have not changed, predicting when gold or silver reach their bottom price has proven to be difficult. We won't really know when the bottom is in until after the fact.


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