Which Way for Gold?
As a safe harbor from inflation, Gold’s reputation is quite overrated when viewed in historical perspective. It suffered a substantial decline in March, from which it is presently recovering; but it is doubtful that the highs of March will be seriously tested again. Investors would have been well served to purchase a Call option just a few weeks ago in order to take advantage of the bounce which has foillowed. Even this morning, prices appear to have topped and reversed, as predicted by a series of Japanese Candlestick patterns in Gold which emerged over the past several days; and my belief is that Gold remains in an underlying bear market and will be in that position for quite some many months to come. Silver and Gold typically trade in synchron, but one major difference is that Silver is primarily an industrial metal, to many people’s great surprise. It is true that its use in photography has massively declined in light of the rise of digital photography, but Silver’s uses in so many industrial applications helps to maintain its value. Platinum, likewise, is in heavy use as an industrial metal, one such use being in catalytic converters for automobile exhaust systems, which helps to reduce pollutants. Platinum’s near=twin, palladium, is found more widely in nature. It has many of the same properties as platinum, buti is somewhat lighter in weight.