The price of silver may move higher in anticipation of the launch, but once it hits the markets, initially the price may retreat after strong gains.
More Quotes from Peter Spina:
The move on the HUI today above 350 is significant as it portends the move in gold to and past 600.Peter Spina
We are undergoing a healthy bull market consolidation, with the likelihood there may be more pain to the downside.
Peter Spina
As Iran returns as a focal point for investors, aided by talk of Chinese increase in gold holdings, that should keep a flame under gold this week.
Peter Spina
All indications are that the geopolitical tensions will continue to support gold at this juncture, with the breakdown in the U.S. dollar adding even more ammo to the run.
Peter Spina
The real action remains in silver, taking away from gold's luster.
Peter Spina
It's difficult to see how much investment demand will be caused by this yet, but due to the lack of silver investment products ... this should attract some good interest.
Peter Spina
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