Gold, Silver Bounce Back
Digest more
Selling silver can trigger IRS reporting, but when and how it happens depends on what you sell and how you do it.
The Red circles depict excellent junctures to sell silver and buy gold. The green circles depict excellent junctures to buy silver and sell gold. The current reading is extreme, as all will know, and the current circumstance is highly likely to be resolved exactly the way it was resolved each and every time back to 1970 where a red circle has been drawn on the chart: sell silver / buy Gold.
Investors should tread carefully with investments that have risen so much in such a short time frame.
Gold suffered its biggest slide in four decades and silver posted a record intraday decline in a stark reversal of the rally that lifted prices to all-time highs.Gold fell more than 12% to slump below $5,
Gold and silver prices dropped as increased CME margin requirements added to the selling pressure following last week's sell-off.