Macro Economics Silver and Gold Price Analysis

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Smaulgld
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Macro Economics Silver and Gold Price Analysis

Since May of this year-around the time the Federal Reserve Chairman Ben Bernanke started talking about tapering quantitative easing (QE), the prices of silver and gold have, in general, headed down.

This downward price movement caused:

1. A Sharp Rise in the Sales of Physical Gold and Silver
Demand up
Sales of Gold and Silver to Retail Investors
The United States Mint, Perth Mint in Australia and the Royal Canadian Mint have all seen massive increases in sales of physical gold and silver coins. Sales of the Mexican silver Libertad, the Austrian silver Philharmonic and the Chinese silver Panda are also increasing.
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2. A Cut Back in Mining Production and Silver and Gold Mine Closures
Supply Down
With the drop in the prices of gold and silver and not a corresponding drop in the costs of mining, many mines have started to cease production of gold and silver. Some mines may temporarily halt production, other may close altogether.
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Monetary Expansion By The World’s Central Banks
More Currency Chasing Fewer Ounces of Silver and Gold at Lower Prices
The United State QE program that involves printing trillions of dollars by the Federal Reserve in order to buy United States Treasuries and mortgage backed securities (MBS’s) is going on its fifth year with no signs of slowing down. While there has been talk of tapering QE recently no concrete plans have been communicated as to when and to what extent such a taper might look like.
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What happens next to the price of gold and silver?

Full analysis here: http://smaulgld.com/is-a-gold-and-si...stment-coming/

Edited by admin on 11/08/2014 - 06:08

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