Gold is a non essential commodity with very limited industry value. Where as silver has both jewellery and industry value. However both of these metals went through a 15% slide over the month (9, 2011).
The prices are expected to down a bit more and stabilize at $1500 per oz. That would be a more sensible price that the current inflated price. Since dollar has gained confidence the huge gold securities gobbled up by the big financial corporations would soon come into the market. When these gold flood the market the price would definitely drop to to $1400 per oz making domestic buyers buy more and more of gold. So $1500 per oz seems like a price, 6 months into the future.
The prices are expected to down a bit more and stabilize at $1500 per oz. That would be a more sensible price that the current inflated price. Since dollar has gained confidence the huge gold securities gobbled up by the big financial corporations would soon come into the market. When these gold flood the market the price would definitely drop to to $1400 per oz making domestic buyers buy more and more of gold. So $1500 per oz seems like a price, 6 months into the future.
