Silver Price Over $42, Debt Crisis Worsens, Bolivia miners on strike : experts already see a target of $1500 for gold in the medium term and $50 an ounce for silver , there are strikes going on for like 3 weeks in Bolivia silver mines one of the world's biggest producers , the government of Bolivia is possibly nationalizing those mines , this is all bullish news for the physical silver market and this is what possibly is propelling the price higher recently...
Tracking Gold Silver and Precious Metals Markets worldwide
Friday, April 15, 2011
The Run Up in Gold continues
Alex Latzer, head of metals & mining research at Daiwa Securities, believes gold will peak sometime in the middle of 2011 as we normalize interest rates higher , the factors for the gold prices surge are the rising Inflation in the emerging markets ,the anxiety factor in the market , the large debt out there , In the last year spot gold was up 27.52% and spot silver was up 130.45%
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