Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
Gold, silver and rare earths are three markets being widely followed at the moment. I am bullish on all three, but only a buyer on pullbacks. Notwithstanding the prospect of somewhat slower economic growth over the next few months, China and a number of other Asian countries will keep buying gold and silver. These purchases should provide a floor to price declines – an “Asian put” so to speak. As far as rare earths are concerned, China has for all intents and purposes cornered the limited supplies, catching most countries asleep at the wheel.
For a technical perspective on these markets, Adam Hewison (INO.com) provided a brief video analysis. Click here to access the presentation.
Technical Talk: Gold, silver and rare earths was first posted on February 10, 2011 at 10:20 am.
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