Gold and silver prices have been on a crash course for the entire duration of 2013. Many people have been speculating that a bottom has already been seen and the metals will start rallying from here. In my opinion however, I still believe the downward pressure remains on the metals and we will be seeing lower prices in the near future. November looks like it will be a consolidation month to me, with lots of choppiness and indecision. I think the market needs time to digest the notion that the Federal Reserve is in no way to taper QE until Janet Yellen steps in. [youtube]http://www.youtube.com/watch?v=T0w65XyvZQ0[/youtube] In November, the prices could continue to bounce, but I think it is much more likely that the prices will continue to drift lower. What are your sentiments for November?
I expect them to keep banging the price down while they still can. Gold to $1111 - $1020 approx Silver to $17.49 or lower but not below $15.?? Time frame....no idea