We all know the financial markets have been through some remarkable ups and downs since the housing bust. In precious metals, silver remains off a sterling course as investors look for new vehicles to increase equity. Still, as it turns out, industrial uses for silver is likely what is behind the recent rise in price for the metal, noted analyst Katie Holliday. She reported in Daily Finance that “seven straight sessions to notch gains not seen in nearly five years” have analysts abuzz over silver futures.
With so much riding on overarching decisions by the U.S. Congress, which has yet to reach broad agreement on budgetary policy, the markets watch for hopeful signs. Yet minutes from the U.S. Federal Reserve’s July policy meeting “provided no clear signal of when the U.S. Central Bank will start scaling back its $85 billion US bond-buying program.” The uncertainty caused ripples in Asian markets on Aug. 19th.
The bottom line: Uncertainty is the watchword.
The mistake that many make is to assume such lackluster news is global — everyone suffers from financial malstroms. Yet there are some investment advisors who break away from the pack due to their personal expertise in rendering financial advice. A track record of success may be more important than tracking volatile commodities. Something to think about …