Wednesday, May 6, 2009

Gold and Silver

My analysis says that USD is going down. The last time USD goes down, commodity prices goes up. So, I hope that you have your foreign account readied.

I'm looking into gold and silver.

I think that most will prefer gold. However, silver has given me a buy signal. Currently silver is at USD13.00, I think that it can test USD15.00 soon. If you want to invest in silver, you can through SLV, AGQ and DBS. If silver drops under 11.77, then silver will not rally and you should cut loss.

For gold, it still didn't give me the buy signal yet. Keep an eye on GLD, IAU, DGP and DGL.

Disclosure: I have no position in gold or silver.

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