With the huge stock market drops in recent weeks, as well as overall high stock market volatility, silver futures have taken a HUGE hit, and Gold dropped a little bit as well. Does anyone have any opinion/idea on what direction the prices of gold and silver will head in, over the next few months? Thanks!|||Gold and other commodities are probably headed for the upside long-term.
In my opinion, gold and silver took a hit recently because the subprime crisis caused a flight to quality to bonds, not to metals. This is why short-term bond rates have been destroyed.
Longer-term, it looks like interest rates will come down like bullet b says, because the market, and borrowers in the market, desperately need that liquidity, which will lead to inflation and eventually probably prop up gold and silver. I don't think the demand for commodities from countries such as China and India will lighten up for the foreseeable future, either.|||it will go up. interest rates gone down.
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