Hollywood, FL (PRWEB) April 04, 2012
The precious metals future in 2012 looks exceptionally promising with most notable gains in silver and gold. Stephen M. Smith, who is the managing member of Smith McKenna, LLC has over 20 years of experience in precious metal commodities and nobly boasts the lowest spreads in the commodities investing market ? shares his insights.
The dynamics of Silver clearly dictate that it is undervalued many times over and holds the key to tomorrows new technologies, said Smith.
Stephen Smith believes that a manufacturing boom is on the horizon which will take Silver to $ 150 per ounce by the end of the year. He clearly presents a case that without the Japanese tsunami, then a Greek crisis, a U.S. budget fight, and finally ? the flooding in Bangkok; the global manufacturing data would have skyrocketed and sent Silver to the prices now enjoyed by less used metals like gold, palladium, and platinum.
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Why Invest In Precious Metals
Smith notes that a lot of the hype behind precious metals investing in todays market rests with gold, but silver should not be ignored and could now emerge the leader of the market. Silver is on par to experience its best quarter in a years time, something that is reinforcing that very notion.
Smith McKenna provides ongoing market updates and investment advice for precious metals to ensure that investors are realizing the best returns possible. In todays economy it is crucial to diversify your investment portfolio; and commodities like silver are a superb choice.
The Spanish Premier announced spending cuts close to 27 billion euros in 2012, which follows the recent announcement of the 2012 Spanish budget. The spending cuts are expected to ease some volatility and push demand in a positive direction for commodities.
With the U.S. dollar growing weary, investors are continually looking to precious metals to avert risk. Silver has reached a high so far of $ 33.13 per ounce and a low of $ 32.95 per ounce. Gold has seen a high of $ 1,680.60 per ounce, and a low of $ 1,676.45 per ounce. Platinum and palladium have each recorded a high so far of $ 1,669.00 and $ 663.25, respectively.
About Smith McKenna, LLC:
Smith McKenna is a broker/dealer of gold, silver, platinum, palladium and copper bullion. It provides research reports, investing advisement, and newsletters to their members in order to maximize gains. Client advice is based on research, current events, and technical and market psychology trends.
For more information, and to enroll in their free newsletter; visit:
http://www.smithmckenna.com
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