Gold and Silver is still positioning to $1550 and $26 support levels despite no formal QE 3 reports from Federal Reserve and long range upward trajectory of precious metals remains unchanged as bearish change design has appeared in the safe home of US Dollar and Treasuries.
The blowing up modified gold and silver coins prices are yet to task all time high while cash is streaming into US treasuries and US dollar where real rates are at the bottom. More cash supply (M2) in US economy alerts hyperinflation which is positive for silver in the long run.
Eurozone countries are having an improved percentage of gold holdings as a discuss of GDP and it is unlikely that they will dispose of their silver holdings. Period has 11.1% silver holdings as a discuss of its GDP while People from france has 9.3%, US 3.0%, Malaysia 5.7%. It is very unlikely that Eurozone countries would offer their holdings, worsening gold.
The platinum-gold rate is at the smallest stages since 1985, and this weeks time the propagate between the two materials increased to stages last achieved in Dec last year.
According to the British bank, the propagate could filter, but the pattern is unlikely to opposite given the market characteristics. Gold has fought to shift above the higher end of its dealing range. Platinum, on the other hand, has been moving reduced over previous times 30 days looking for its floor.
Source: http://sureshot-commodity-tips.blogspot.com/2012/08/gold-silver-to-regain-lost-glory-as-us.html
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