LONDON, 10 May 2011 - Analysis from world-leading gold trading & ownership service BullionVault is quoted today in two reports on the sharp rally in gold and silver prices from top US finance site, TheStreet.com.
"Gold and silver's rally [may] point to sovereign debt fears, or worries that Greece will likely default in some way," reckons senior writer Alix Steel at the New York-based news outlet, also noting Monday's latest downgrade to Greece's credit rating.
"Any currency drama is typically good for gold and silver as they become hot as safe-haven assets."
Asked to comment on the volatile action, "Either silver was a raging buy below $35 on Friday, or Mr. Market's got lots more pain lined up for silver investors buying back in at $38 this morning," Adrian Ash, head of research at BullionVault in London, is then quoted.
You can read TheStreet's full reports here and here...
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