Optimistic gold prices finally have hit bottom



The rapid fall in prices of gold and silver had investors asking when it finally hit bottom.  While no one can guarantee prices won't drop again, Neil Mahony, sales manager of my Gold Inc, Panama (http://www.mygoldinc.com) believes recent jumps to $ 1333.20 at July 26, says prices finally arrived at the bottom, and looks forward to a long-term bull market.

2013 has seen rapid of prices in the market of precious metals.  On 28 June, gold hit a low of 2.5 years 1200 dollars per ounce.  Silver 52 weeks low was $ 18.53, down from a high of $ 35.04 52 weeks.   Precious metals prices have been falling fast since September.


According to Mr. Mahony, these drops are based on manipulation and emotion, not reality, "while watching the market, we've seen these dips giant value that seems to defy logic.  On the one hand, prices are dropping on a daily basis.  On the other hand, we see everywhere, and investors have difficulty obtaining precious metals products they want. "


At the same time as investors dumped the Comex gold shares at lightning speed, causing prices to plummet, physical gold markets accelerate.  Silver faced serious flaws as many big vendors customers on waiting lists for coins and precious metals.  Big investors, and even countries such as Russia, have been buying and storing physical gold in record numbers.  In India, has made every effort to slow gold markets.


What happens in the markets was not matching what was actually in the field.


Gold bugs saw low prices as a perfect buying opportunity.  But many investors held back, wondering how low prices will go.   Goldman Saks estimates bottom around $ 1000/oz.  Other analysts had prospects of even lower.


However, many analysts, who were bearish for gold have finally turned.


Various reasons have been cited by noting finally hit bottom.


·    On Friday, July 19, a record was set for gold options in 1, 797, 679 contracts.  This record was surpassed on Monday July 22, with 1, 808, 693 contracts option in the game.  Two of those showing interest skyrocketing the yellow metal.


·      South Korea announced plans to open a new gold exchange standard in the first quarter of 2014 to combat the underground gold market that are springing up because of demand for gold.


·         Even though Ben Bernanke whispered can reduce the 85 million dollar per month QE programme if the economy continued to improve.  He also said, would rise if the economy got worse.  Fewer investors believe reports the economy improves.  Even be optimistic, know some bond market and low interest rates will be around for years, or even decades.


Neil Mahony sees gold as an asset protection tool and the vehicle to protect against inflation.  However, buying at the right time, as at the start of a bull run, great gains can be made.


Mr. Mahony observed "While there will always be day traders who make and lose money playing the market Comex, support a long-term approach."  He goes on to comment "as with any investment, your performance is better when you buy low and sell high.  Since it looks like prices have finally hit bottom, and are on their way up, this is an excellent time to buy. "


I Gold Inc. publishes a monthly newsletter and ongoing email tips via the free Offshore gold, silver and precious metals Club.  Apart from information on the purchase and storage of precious metals in a secure environment offshore, Club members receive a discount on a wide range of gold, silver, Platinum and other precious metals products.


For more information about free membership, visit http://www.mygoldinc.com.  To schedule an interview, or for more information email neil@mygoldinc.com or call 1-877-228-2034.


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