ajtj99's Market Pulse

[ItsAllCyclical]

Surprised there's no discussion about gold and silver here. Definately where the action was today. Silver was up 6% today. That's a huge move for a commodity.

The HUI broke a triple top today.

Pull up charts of the HUI, $gold, $silver, CBJ, NEM, MNG, BGO, CDE, SSRI, etc.

Going to be fun times if silver manages to close over 5.15 in the next few days/weeks and/or gold manages to break 375 on this run.

Holding silver (CDE) as a play on hard assets vs paper assets, but it's also a good play if the economy continues to recover as an industrial metal. Also China has now allowed it's citizen to own silver for the first time in 50+ years. China's gold exhange was opened a few months ago, silver was opened about 1.5 weeks ago I believe. Silver has been basing for almost 2 years now. Today looks like a breakout to me. I'm bullish on both gold and silver here, but in any precious metals run silver typically outperforms by the end.

Currently holding RIC, CBJ and CDE within the sector.

Enjoy reading this thread. Going back to lurking for now.

Good thread for PM stocks and my prior silver postings:

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19098240
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19099442
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19103233