While most people are focused on Warsh’s Jackson Hole speech on Friday as a key factor that moved precious metal prices, there are three other things that are even more noteworthy when an investor is analyzing the price direction of gold and silver. We discuss those factors that went unnoticed due to the media buzz surrounding Fed Chair Warsh’s speech at Jackson Hole.
When you look at those three factors with a keen eye, you begin to notice that the bigger picture for gold and silver prices is increasingly looking bullish and has been that way for a while. However, a news flash like the hawkish remarks made by Kevin Warsh can trigger a drop in prices since such news affects market sentiment. But sentiment is fickle, and savvy investors learn to keep their focus on the big picture while ignoring the “noise.” Otherwise, companies like New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) would have a hard time making long-term plans if they jumped at every shift in…
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