Market Insight: Is This Pullback a Concern?

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You've seen precious metals pull back.

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Are you wondering if it's still a good time to buy? First, precious metals do not move in straight lines.

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They never have. When prices move quickly, short-term traders and speculators take profits. That's normal. Fast moves attract fast money.

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That doesn't mean the long-term story has changed. In fact, during recent pullbacks, long-term holders, what many called strong hands, have

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largely stayed positioned. Central banks continue accumulating gold at today's levels. Institutional

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forecast remain bullish with some major banks projecting gold to hit over $6,000 per ounce this year. Short-term

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corrections are typically driven by profit taking after rapid gains. But long-term price direction is driven by higher prices, record money

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printing, higher government debt levels, and high demand from central bank buying. Remember, corrections are not collapses. The question isn't

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whether metals fluctuate. It's whether the underlying reasons people buy them have disappeared. And right

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now, they haven't. For more information, call 800-214-8417 for a free no obligation conversation

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with a LER precious metal specialist and ask how you can get up to $20,000 in bonus medals with a qualifying purchase.