Titan Inv Partners continued bullish stance on gold & silver

Fund Managers View

Well, it was certainly an eventful quarter in the precious metals arena! As we entered July, both Gold and Silver had been plumbing new 3 year lows below $1200/oz and nearing $18/oz respectively. All the talk was of gold likely hitting $1000/oz and silver going down to $15/oz. As ever, with the crescendo of bearish noises reaching a peak, oversold levels at the most extreme since the commencement of the long bull run that kicked off in 2001 and an excessive short position by market participants, so called conventional wisdom was dumbfounded once more. Both metals set off on a tear that took gold up nearly 20% from its lows and silver over 30%.

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