precious metal prices
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Good reason for optimism in metals: Part 1
The Gold Report: “We’re finally seeing some good economic news. Have we hit the bottom?” Leonard Melman: “As far as the general economy is concerned, I’m not exactly prepared to make a clear statement.”
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Good reason for optimism in metals: Part 2
The markets always tend to look ahead and the base metals are no different. So if the price of the base metals starts to rise unaccountably, that’s also a positive indication that this economic recovery or boomlet will indeed take place. So the price of the base metals is a real key to the future of the economy—at least it’s a good solid indication.
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NY Gold Seen Down $1, Silver Down 6 Cents
June gold futures are expected to open floor trading in New York around $1 an ounce lower Thursday, based on electronic activity ahead of the pit session at the Comex division of the New York Mercantile Exchange. May silver is expected to be down about 6 cents an ounce.
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