Will Silver and Platinum Outperform Gold in the Near Future? | The Daily Gold

Will Silver and Platinum Outperform Gold in the Near Future? | The Daily Gold

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Based on the April 20th, 2012 Premium Update. Visit our archives for more gold & silver analysis.

The New York Times reported on a growing phenomenon in Europe: “suicide by economic crisis.” Apparently people are taking their own lives in despair over unemployment and economic failure. Paul Krugman in his column in the New York Times wonders if it isn’t the case that European leaders are committing economic suicide for the Continent as a whole.

Just a few months ago I was feeling some hope about Europe. You may recall that late last fall Europe appeared to be on the verge of financial meltdown; but the European Central Bank, Europe’s counterpart to the Fed, came to the Continent’s rescue. It offered Europe’s banks open-ended credit lines as long as they put up the bonds of European governments as collateral; this directly supported the banks and indirectly supported the governments, and put an end to the panic.

Gold “Bargain of Lifetime” As Gold Standard Inevitable, Possibly Within Year - $10,000/oz Looms

GoldMarketNews.EU

Gold “Bargain of Lifetime” As Gold Standard Inevitable, Possibly Within Year - $10,000/oz Looms

Expect Gold, Silver to trade lower today says, Angel - Moneycontrol.com -

Silver: Silver prices dropped sharply by 2.8 percent on the international markets on Monday taking cues from strength in the US dollar index along with downside in base metals pack. In addition to this, rise in risk aversion in the markets due to Euro Zone debt worries also exerted further downside pressure on prices. The white metal touched an intra-day low of $30.45/oz and ended its trading session at $ 30.76/oz yesterday. MCX Silver May contract decline around 1.6 percent and touched an intra-day low of Rs55,303/kg. However, depreciation in the Indian Rupee cushioned further fall on the MCX on Monday.

Expect Gold, Silver to trade lower today says, Angel - Moneycontrol.com -