Is it A Good Time For Precious Metals?
October 18, 2008 – 11:47 amMy friend was very excited to see how stock prices have fallen over the past few weeks. This means that a window of opportunity has open to us who did not get our hands burnt. However, my friend is not keen on stocks but in precious metals. Most precious metals also underwent a price correction this month in tandem with falling stock prices.
This friend read about my posts on Monex Precious Metals previously and he thought that I should know if it’s a good time to hold some precious metals.
Well, it is difficult to foretell the bottom and I really dare not make any suggestions to him. However, if one could withstand the economic drought, it would be to our benefit to keep a close eye on selected precious metals with strong fundamentals like gold and silver.
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