Morgan: Silver Will Knock Repeatedly on $50/oz
Posted on Friday, January 27, 2012
Hard Assets Investor: Silver is starting out 2012 strongly. Is it following gold or is it blazing its own path?
David Morgan: Silver is following gold, but if you study silver carefully, there are times when silver leads and gold lags.
A quick example was last year. We saw silver basically double from around the $25level to $48, in a matter of months. That ended about May 1. Gold did a similar parabolic move, but not quite the percentage gain that silver outlined, but it did it later in the year. So who went parabolic first, silver or gold? Well, in this case, silver did.
HAI: Why do you think silver's volatility was more intense last year than gold? Was it the drop-off in industrial demand?
Read the rest at the original source.
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