Gold and Silver Giving a Roller Coaster Ride

Mineweb reported that gold and silver’s recent volatility is not indicative of the long-term outlook.

The market news is quoted as saying:

The price action in gold and silver has been extremely volatile over a very short period of time.   This tells us that the traders pushing prices both ways have had to close their positions very quickly as the volumes were light.   Once buyers appeared at lower prices this became apparent.   The result is that a large proportion of the fall has evaporated.

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