We received a few questions regarding the current move higher in gold and if it changes anything. The answer is that no, at least not yet. Right now, the situation is not very different from what we saw on February 24, with the exception that silver is about 50 cents lower. The markets have not closed yet and the closing prices will likely provide us with more significant details than the current intra-day price.

Finally, we would like to say that whether the outlook for the precious metals sector will change, will depend not only on the price of gold itself, but also on other things like volume, ratios, other markets (like silver), currencies etc. As always, we’ll keep you updated.

Thank you.

Sincerely,
Przemyslaw Radomski, CFA
Founder, Editor-in-chief

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