JJ.G0ldD0t
30th September 2011, 05:27 AM
snip from:
http://seekingalpha.com/article/296685-the-top-5-reasons-why-i-like-silver-at-these-levels
1. It got beat down much worse than gold this past week. Silver is the next best safe haven precious metal after gold, so it's useful to compare the two. Below is the one month chart comparing SLV to GLD (http://seekingalpha.com/symbol/gld).
http://static.seekingalpha.com/uploads/2011/9/28/745844-131726805728143-Adam-Gefvert.jpg (http://static.seekingalpha.com/uploads/2011/9/28/745844-131726805728143-Adam-Gefvert_origin.jpg)
(Click to enlarge)
As shown by this chart, the market has been much crueler to silver than gold the past week -- and for no apparent reason, as it hasn't had any particular outrageous run-up since it had settled in the range of $35-$40 an ounce. This drop presents a value opportunity.
http://seekingalpha.com/article/296685-the-top-5-reasons-why-i-like-silver-at-these-levels
1. It got beat down much worse than gold this past week. Silver is the next best safe haven precious metal after gold, so it's useful to compare the two. Below is the one month chart comparing SLV to GLD (http://seekingalpha.com/symbol/gld).
http://static.seekingalpha.com/uploads/2011/9/28/745844-131726805728143-Adam-Gefvert.jpg (http://static.seekingalpha.com/uploads/2011/9/28/745844-131726805728143-Adam-Gefvert_origin.jpg)
(Click to enlarge)
As shown by this chart, the market has been much crueler to silver than gold the past week -- and for no apparent reason, as it hasn't had any particular outrageous run-up since it had settled in the range of $35-$40 an ounce. This drop presents a value opportunity.