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Replies to #5773 on OracleTrading

Bull Trader

10/18/07 8:21 PM

#5774 RE: al44 #5773

You bring up some great points and thank you for the post!! You obviously know your metals!!I think GLD is trading at a multiple right now which is quite normal and well founded in the surrent state of the commodities market. I dont believe so much emphasis should be placed on the actual valuation verification as GLD is almost pegged to the price of GOLD in temrs of its trading patterns - that is how I trade GLD and it has been very nice money maker for me. Doesnt hurt that my good friend is an MM on it at the NYSE either!! But in regards to silver - yes silver is very much in play right now as well. Might be more undervalued than gold, but with the dollar sliding and oil booming I like GOLD right now a little more. :D Thanks for your insight and opinion. do come again soon!!!