Monday, May 2, 2011

Gold and Silver Fundamentals still strong

Gold hit a new record in Asian markets to $ 1,577.57 an ounce but then fell to $ 1,548. The silver plunge 11% to $ 42.67 after touching a new high at $ 44.34. , the fundamentals for both silver and gold are still rock solid according to most analysts , this is a healthy correction gold and silver are going to go one way and one way only and that is up up and up for thenext months and years...

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

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