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Gold and Silver- Looking back and forward

Gold and Silver- Looking back and forward
Category: Market Reports
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Posted: 12-30-2015 09:51:00 AM

As the New Year approaches, it is time to reflect on the events of the market. 

Time for a recap of the old year, before we head into the new. From the first of the year in 2015, we see gold lower by approximately $100 dollars and silver lower by approximately $1.90.

Some folks are asking , is there any hope for the bulls in 2016?

Here are 2015’s low points to ponder:

  • Gold hit its yearly low on December 3rd at 1046 per ounce, down 13 percent for the year. Since the start of December, we have seen an increase in interest rates which may cap any Gold rally short term.
  • Silver also hit its yearly low on December 14th at $ 13.60 per ounce also down 13 percent for the year.

Going forward, Silver seems more vulnerable than Gold to larger price movements.

In the upcoming election year, especially with this crew of candidates, one can only guess the direction our markets will take in 2016.

Many Wall Street traders are away for the holiday so it’s difficult to find out their predictions for the new year.

Nonetheless, which ever trading costume you will feel comfortable wearing in 2016, bull or bear, feel free to wear it to the 2016 Times Square New Year’s Celebration. I assure you, you will feel right at home. No photos please.

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About The Author

Walter Pehowich Author Name: Walter Pehowich
This editorial has been prepared by Dillon Gage Metals. This document is for information and thought-provoking purposes only and does not purport to predict or forecast actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein are current opinions as of the date appearing in this editorial only and are subject to change without notice. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not prove to be true, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. This information is provided with the understanding that with respect to the opinions provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. You may not rely on the statements contained herein. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisors with respect to these areas. By posting this editorial, you acknowledge, understand and accept the foregoing.

What are your thoughts? Gold and Silver- Looking back and forward