Gold and silver poised for price spikes: analyst

 

http://blogs.marketwatch.com/thetell/2012/11/21/gold-and-silver-poised-for-price-spikes-analyst/

November 21, 2012, 1:12 PM

The U.S. stock market has seen a sell-off since President Barack Obama’s election win, but gold and silver have held up well and that’s a good sign for the metals’ prospects.
“Gold is outperforming and may continue to decouple from the equity markets,” said Jeb Handwerger, a natural-resource analyst and editor of GoldStockTrades.com.
Month to date, gold futures  GCZ2 +0.20% are trading around 0.6% higher and silver’s  SIZ2 +0.05% up 3%, while the Dow Jones Industrial Average  DJIA +0.38% is down 2% and the S&P 500 Index  SPX +0.23% has fallen 1.5%.
“Remember inflation and uncertainty is bullish for precious metals and bearish for the general equity market,” Handwerger said, in a recent article. “Are we beginning to witness this phenomenon?”
–Myra Saefong
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