Wednesday, May 4, 2011

Gold and Silver Under Pressure

Jeffrey Christian, CPM Group :....we have been saying for some time we thought gold and silver could hit cyclical peaks in the bull market in the period march, April, may of 2011. it appears to us we are hitting our cyclical peaks. there could be more strength into june and july. this is a cyclical topping in our view and from a longer term perspective, gold and silver is extremely attractive. they'll be much more attractive in july and august if prices come off as we would expect.

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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