Gold Prices crashed but new buyers are happy
Gold Prices crashed but new buyers are happy
Silver prices
Gold Prices crashed on april 15 2013. The gold market hasn't seen this decline of this magnitude in one day in over about the gold etf in over 10 years. While some state that the marketplace needed this correction. Speculators with weak hands were dumping their gld stock fast and swift that day. Now many have their reason of why this happen for example that Cyprus announcement of having to pay for their bills by selling there gold . While in the same weak Goldman Sachs lowering their gold expectation significantly down. No matter the true cause of the landslide of Gold stock that day we could surely see the results of that days fury. Old and new buyers of physical gold came running in and wanted there on the job any physical gold they could get. Asia and saw an enormous leap in physical gold sales along with the usa Gold american eagles and Canadian maples leafs sales hit year 'round high. Many popular dealers websites all showed soldout or delayed orders on many gold bullion. So what we see here a genuine test of the we view the paper value of gold and also the sought after the physical is generating. That differences can not be greater than obvious. The paper market will not reflect what is the physical market demand is saying or doing.
Silver prices
Now silver as well took a large dump using its golden counterpart. Silver can be a more volatile market nevertheless its nose dive was for seen as it will follow golds direction. Silver lost over $4.00 dollars over night on April 15 this made the marketplace uneasy.But low and behold another there was clearly one other thing be discovered the gold crash for your silver naysayer.Silver dealers were flocked too with new and old buyers that were waiting for this opportunistic time and energy to get into the silver shiny white metal market we call silver. Personally I new some individuals who were waiting around the sidelines for this chance to be in and grab as much ounces that may afford with this particular giant dip in the silver market. There wait wasn't useless but short-lived. Many online dealers also proclaimed and swarm of orders that they didn't expect. The internet Level of sales in gold bullion and silver bullion as some dealers say was obviously a stampede. As of today you can still find many silver bullion merchandise is inaccessible or are having at least a few weeks delay on delivery. We are able to study a lot out of this gold crash on April 15. You are being ready for anything and to get ready when opportunity knocks. And to know that the Gold etf is peg to the physical expense of Gold. The two markets are moved and shake by other forces. The paper gold can impact the physical price but physical demand has a mind of the own. Hopefully 1 day soon both should come to eye to eye understand.
Silver prices
Gold Prices crashed on april 15 2013. The gold market hasn't seen this decline of this magnitude in one day in over about the gold etf in over 10 years. While some state that the marketplace needed this correction. Speculators with weak hands were dumping their gld stock fast and swift that day. Now many have their reason of why this happen for example that Cyprus announcement of having to pay for their bills by selling there gold . While in the same weak Goldman Sachs lowering their gold expectation significantly down. No matter the true cause of the landslide of Gold stock that day we could surely see the results of that days fury. Old and new buyers of physical gold came running in and wanted there on the job any physical gold they could get. Asia and saw an enormous leap in physical gold sales along with the usa Gold american eagles and Canadian maples leafs sales hit year 'round high. Many popular dealers websites all showed soldout or delayed orders on many gold bullion. So what we see here a genuine test of the we view the paper value of gold and also the sought after the physical is generating. That differences can not be greater than obvious. The paper market will not reflect what is the physical market demand is saying or doing.
Silver prices
Now silver as well took a large dump using its golden counterpart. Silver can be a more volatile market nevertheless its nose dive was for seen as it will follow golds direction. Silver lost over $4.00 dollars over night on April 15 this made the marketplace uneasy.But low and behold another there was clearly one other thing be discovered the gold crash for your silver naysayer.Silver dealers were flocked too with new and old buyers that were waiting for this opportunistic time and energy to get into the silver shiny white metal market we call silver. Personally I new some individuals who were waiting around the sidelines for this chance to be in and grab as much ounces that may afford with this particular giant dip in the silver market. There wait wasn't useless but short-lived. Many online dealers also proclaimed and swarm of orders that they didn't expect. The internet Level of sales in gold bullion and silver bullion as some dealers say was obviously a stampede. As of today you can still find many silver bullion merchandise is inaccessible or are having at least a few weeks delay on delivery. We are able to study a lot out of this gold crash on April 15. You are being ready for anything and to get ready when opportunity knocks. And to know that the Gold etf is peg to the physical expense of Gold. The two markets are moved and shake by other forces. The paper gold can impact the physical price but physical demand has a mind of the own. Hopefully 1 day soon both should come to eye to eye understand.