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Monday, May 13, 2013

Silver Rebound

Correction....manipulation, call it what you will. I've gotten long silver via iShares Silver Trust (SLV). I bought January 2014 calls in anticipation of the stabilization and eventual rise in silver prices. I understand that metal commodities have taken a hit over the last few months due to U.S. strength and dollar pricing, however we must not forget that metal commodities are a finite source and short of newly discovered deposits we can't just plant silver, gold, or platinum trees. Good luck to all!!!

1 comment:

Unknown said...

Take a look at Silver Wheaton (SLW), if you haven't already. It may be the best silver purchase (excluding physical) available. Some research points to silver being even more rare than gold at this point because of its destruction when used in various industries. 2.0 silver/gold ratio somewhere in the future?