The action in both gold and silver since the FOMC announcement reflects the market's opinion that Bernanke will continue to destroy the dollar.
GLD has moved up 1.41%
SLV is up 3.88%. the pullback in SLV appears to be over looking at 3C, it's solid behind the move so unless Bernanke says something that changes the outlook for the dollar, SLV looks like the better investment, that has a lot to do with the gold/silver ratio. There's about 16 parts of silver in the ground for every 1 part of gold. If we take gold's current price of nearly $1523.00 an ounce, then Silver should be trading around $95. So if you are looking at each for a long trade and if Bernanke doesn't come out with anything that sounds supportive of the dollar, then Silver is where the action should be.
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