3 pros weigh in on the takedown in the gold and silver markets.
3 Pros Weigh In Gold & Silver Takedown
#1
October 31 (King World News) – Peter Schiff: Today’s near $150 decline in gold and over $3 drop in silver are ridiculous. Clearly this has to do with a short-term liquidity problem that will likely show up in the broader markets perhaps as soon as next week. In the meantime, it’s an unexpected gift to investors to buy more!
#2
Peter Brandt: Silver: I’ve seen many such purges over past 50 years. In this case, caused by those long over $90-$100 who claimed they would never sell. but they are now selling and saying they will never buy Silver again.
This is how the start of bottoms are formed.
#3
To hear more about the gold and silver takedown from James Turk CLICK HERE OR ON THE IMAGE BELOW.
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