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Gold and Silver by D este
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Gold and Silver |
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Investment,Finance & Investment
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Gold rallied on geopolitical uncertainty and or as a fiat currency hedge; as our world becomes a better, safer place, as evidenced by the strength in credit markets and the oft-mention rally to all-time highs, Gold is a source of funds for riskier assets. Watch your gold and silver charts and try and buy off the bottom or at support areas. While I've never been a fan of gold investments, traders are seeing capitulation in gold ETFs such as SPDR Gold Trust (NYSEARCA:GLD). GLD's fund size has shrunk from 448 million shares to 383.6 million shares as of a recent close. On the other hand, the physically backed gold Physical Swiss Gold Shares ETF (NYSEARCA:SGOL) hasn't seen much movement. Gold does not have much industrial production and it does not offer the same value to the world as oil, silver, and copper. While the fear is on a continuation of Gold's (GLD) decline, many believe stocks are now the most vulnerable risk asset. So traders need to continue to be cautious here. This is how major declines can happen, as price suddenly realizes that the conditions are very different than what most think. Gold and Silver Commodities
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