Monday, May 2, 2011

Silver Drops 12% In 11 Minutes !!!

Silver prices fell sharply Monday after CME Group increased the amount of cash needed to hold speculative positions in the metal.( MarketWatch reported today )
this is a healthy pull-back in silver rally ,the markets will continue to short the US dollars and long the commodities , Peter Turville-Ince, head of commodity & equities strategy at Compass Global Markets, thinks that the pullback in silver is only temporary and is still bullish on precious metals in the medium term. , Peter sees the silver at $70 , $75 before the end of the year ...this pull-back is a great opportunity of physical silver buyers and hoarders like myself

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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