Pullbacks In Gold And Silver Strategic Buying Opportunities As Trends Turn Bullish - A consolidation in precious metals as a potential buying opportunity. Precious metals and the miners may rally after the market realizes the Fed may not be so motivated to start tapering in September and as the Middle East continues to flare up.
The declines in commodities were overdone on the concerns over China’s economy,” said Adrian Day, who manages about $135 million as the president of Adrian Day Asset Management in Annapolis, Maryland. “We’re seeing a more realistic view of the Chinese economy.