-- Posted Thursday, 17 June 2010 | | Source: GoldSeek.com

"So far this week the gold and silver markets have exuded strength and restraint at the same time.   Large, limit restrained buyers are visible in the market keen to buy but not change prices.  

Nothing has changed on the fundamental front, where uncertainty reigns and fears crimp normal banking flows.   Each day is seeing a greater likelihood of recession returning as the threat of further debt implosions remains.  

This week to date has seen gold holding near the top of its trading range at $1,232.   Both gold and silver are waiting for some news to break to take it forward.  Silver is holding close to gold at a lower end of its trading range at $18.35.”

Gold - Very Short-term

The week has been quiet to date.   We expect it to continue along this path until more negative news breaks to make it move.   With such support, today should see prices holding at near current levels.

Who are we? We are a newsletter with a 95% correct record on the Gold & Silver Prices.   [Subscribe through www.SilverForecaster.com  or  www.GoldForecaster.com].

Silver – Very Short-term

Again we should see Silver holding close to present levels. 

We will be addressing the issue of “Is Silver de-coupling from gold” shortly, in the Silver Forecaster newsletter.

Gold Price Drivers

Heavy institutional buying continues to dominate the gold market.   This is unlikely to change in the short-term.

Nothing new has appeared today to change gold’s driver, yet.

Regards,                                    

Julian D.W. Phillips – www.GoldForecaster.com

-- Posted Thursday, 17 June 2010 | Digg This Article | Source: GoldSeek.com

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