We at Kamaaina Loan And Cash For Gold buy and sell gold every day. It matters to us whether the world gold market is up or down but we cannot do anything about that. Here is a Bloomberg News story that is very down on gold:
“There are no compelling reasons to be in gold,” said Brian Levitt, a New York-based economist at OppenheimerFunds Inc., which manages $251.4 billion. “There are no inflationary pressures. You have a central bank that’s going to tighten sooner than most of its trading partners. That to me portends a strong dollar and weaker gold prices.”
What that seems to mean is that if you are thinking you might sell gold anytime in the next little while, now is the time to do it.
Ditto for silver, which fell under $18 an ounce for the first time in a long while last week.