EB George Soros and other big investors have to decide in the last month cut their positions in the metals market, and particularly in gold and silver. After the announcement, published by The Wall Street Journal, the silver metal has experienced its biggest drop in price of the last three decades. Experts fear a short governed by the volatility term.
Silver has experienced this morning, a fall of 3.50 dollars per ounce (7.6%) because investors fear that the costs of transactions completed by determining a downtrend in a market that seemed to have touched its maximum (around $ 45 per ounce). Gold, meanwhile, has fallen by 1% and is in the $ 1,535 per ounce.
Many investors have turned to gold and silver from the financial crisis that began in 2008, looking at both products as a good alternative to a dollar decline. The announcement that these giants, the Soros hedge fund and others like Passport Capital, John Burbank and Pennant Capital, Alan Fournier, are selling their shares in this market has driven the individual investor, which was mostly in silver (because of low costs relative to gold), collect winnings also.
silver and has appreciated by 38% so far this year, and managed to increase in value, in turn, 84% in 2010. For some brokers, the volatility that has experienced (and continue to experience) this metal has not been seen in decades. For analysts of RJ O'Brien, a Chicago operators, since a few days everyone wants to sell.
However, there are still investors who bet on the entry into metals as encouraged by millionaires John Paulson, the founder of Paulson & Co. trader who became famous for betting against the mortgage market a few years ago, has said that much of his personal fortune is invested in gold. And he says, along with other experts, while there is no interest rate hike by the U.S. monetary authorities, this market will remain competitive. 04/05/2011
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