The market had second thoughts about the positive implications of the euro zone loan and worries over the depth of Greece’s debt problems resurfaced this morning, putting the breaks on the precious metal mini bull-run.
Both Greece’s debt crisis and India’s inflation concerns are dollar supportive, putting downward pressure on silver prices.
Silver is showing it’s still very much tied to gold, tracking the yellow metal down on price chopping news out of China, the oil trade and the currency markets.
By Melissa Pistilli-Exclusive to Silver Investing News In early trading, markets plunged worldwide on increasing fears that major recession is deepening around the globe. “Stock, commodity and many currency markets internationally are in meltdown on panic selling,” said Gold and Silver Investments’ Mark O’Byrne. Stock market losses across the board have forced investors to sell [...]
Tuesday, April 13, 2010