Saturday, February 19, 2011

Precious Metals Comments

Silver traded close to a 30 year new high this week...
For those of you who want to trade both gold and silver but are undecided how to allocate your position to each one, you can buy the CEF...I believe CEF allocates 2/3 to gold and 1/3 to silver...So you can get the best of both worlds...
The GLD ETF was up +.37 Friday and the daily price chart still looks like an ascending wedge...
Soon we will see how it breaks out of that pattern...

Past performance is not indicative of future results...

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