What do you think is going to happen with the spot price of precious metals? Was this weeks pull back from profit taking, gold being over bought or something else?

Which one do you like the best short term (30-45days) and for the rest of this year. I like silver and palladium.  Right now the premiums are lowest on these  which is what makes them more attractive to me. Physical demand is still very strong for all types of metals which should keep premiums higher on gold and platinum coins then in the past. Proof of this demand is the 2009 1 oz silver Chinese Pandas are already sold out at the China Mint. Their annual mintage is 600,000.  The U.S. Mint continues to allocate 1 oz gold and silver eagles. 2009 fractional eagle are not yet being minted. 

Leave  your comments to let us know what you think. Please write in a semi business like fashion and we will be happy to post them.