A lot of investors want to know why I am not screaming from the rooftops, “Buy gold!”
The reason is simple: I am not 100 percent confident that the bottom is in.
Why is that, especially when all is not well with the world?
After all, in addition to the Syrian crisis, which is not over, tensions are rising dramatically between the United States and Russia.
North Korea is reactivating its plutonium reactor. The Fed, even if it tapers its bond buying this week, is still printing oodles of money. The budget ceiling war is about to go into overdrive and heated debate again.
And interest rates are rising, a sure-fire sign that inflation will be coming back.
My answer is simple: It’s not yet time for gold and silver to take off to the upside. Quite the contrary, they have more work to do on the downside. Read the entire article at http://www.istockanalyst.com
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