Monday, June 15, 2009

IT STILL IS SHINING

Thnx Palmerjoe ...
Two weeks ago precious metals were as hot as ever. Gold prices were climbing. Gold stocks were doing even better. And silver prices were leading the way.
The old adage, “when gold climbs, silver soars” was playing out perfectly. Gold booked its biggest monthly gain since November. Silver, however, climbed past $15 per ounce and had its biggest monthly climb in 22 years according to MarketWatch.
Silver was showing its value as a dual-purpose commodity.
As an industrial metal, silver’s uses in healthcare, photography, and as a chemical catalyst (just to name a few) has made it more attractive as the economy shows signs of recovery.
As a precious metal, silver has been getting a lot of attention as the U.S. dollar shows continued weakness. Also, when the big money rotated around into gold and John Paulson’s big bet on gold were making headlines, gold was the hot sector. Silver was getting a lot more attention as an undervalued corollary.
Of course, sectors fall in and out of favor. Momentum traders have proven their willingness to quickly move onto something new. But if you’re looking for a long-term investment in silver, aside from silver ETF’s like the iShares Silver Trust (NYSE:SLV), silver mining stocks are the way to go
http://news.silverseek.com/SilverSeek/1245099040.php

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