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Are Gold and Silver Prices Near a Peak?
In the past four weeks, the price of gold has increased by +7.6 percent, and silver has jumped by +13.8 percent. As measured in U.S. dollars, gold closed Wednesday of this week at an all-time record high while silver reached its highest COMEX close since April 2011. With such large increases in such a brief time span, could these metals be near a peak? Normally, when you have such a strong surge in such a brief time, you will see some consolidation and profit-taking that stalls the price or even pushes it back down. There are some technical indicators for gold and silver that signal this could happen. The first one ... (full story)