by David Engstrom:
After a volatile 2013, both gold and silver hit the ground running as they were among the best performing assets of Q1, 2014. By mid-March, silver was up 10% and gold nearly 15%. As the quarter came to a close, prices slipped and out came the gold and silver bashers in force.
When stocks fell 7% during the quarter it was deemed healthy and necessary. When gold and silver just gave back some of their monstrous quarterly profits, it was, “I told you so.” Even as stocks recovered from mid-quarter losses, by mid-March, the Dow and the S&P 500 still only showed a big year-to-date goose egg for gains. As the best performer, the NASDAQ scrambled to an up 5% position before tumbling back to a near-nothing gain by quarter end.
Imagine, the panic of fund managers to show investors a profit at the end of Q1. For months, all ...