Posted on February 20, 2013
Gold, silver, and platinum all tumbled this morning as investors expect this afternoon’s Fed Minutes to reveal plans to curb Quantitative Easing in the coming months.
The Fed’s Quantitative Easing initiatives, which are essentially money printing programs, have largely driven precious metals price increases over the past few years, so any plans to slow or stop that Easing is bearish for metals in the short term.
Although the minutes have yet to be released, gold has fallen $23 on the rumors, presently sitting at $1,582. Silver has followed suit, tumbling $0.75 to $28.70. Platinum was not immune either, as it has sunk $47 to $1,650.
Both gold and silver are currently sitting at or around their respective 6-month lows, providing an excellent buying opportunity for long term, value-seeking metal investors.
To lock in this discounted pricing, visit www.JMBullion.com now, or speak directly to one of our sales representatives at 800-276-6508.