Technical Talk: Gold, silver and rare earths
Gold, silver and rare earths are three markets being widely followed at the moment. I am bullish on all three, but only a buyer on pullbacks. Notwithstanding the prospect of somewhat slower economic growth over the next few months, China and a number of other Asian countries will keep buying gold and silver. These purchases should provide a floor to price declines – an “Asian put” so to speak. As far as rare earths are concerned, China has for all intents and purposes cornered the limited supplies, catching most countries asleep at the wheel.
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