Precious Metals Bulls are Optimistic for a Fall Rally

5:11 AM

September 23, 2016 -- It’s been a big week in the precious metals markets, with gold and silver prices surging following the Federal Reserve’s decision not to raise interest rates from near zero.

The positive post-Fed price action in all the precious metals is an encouraging sign for bulls who are looking for a big fall rally. Many observers of America’s avowedly non-political central bankers seem to want to elevate all asset markets, at least until after the election. At some point, there could be a letdown and possibly a hard landing in the stock market. And at some point, gold and silver may decouple from stocks, bonds, and other financial assets.

But for now, everything is floating on a rising tide of Fed liquidity. Odds favor a higher stock market and higher precious metals prices in the weeks ahead.

Live prices at show gold currently trading at $1,340.05 per ounce on the global market, and silver is coming in at $19.93.

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