(click to enlarge)
Gold has been trending down recently and Gold Futures moved into oversold territory.
Silver is also at the bottom of its trading range despite the recent dollar weakness. You should expect precious metals to rally when the dollar is downtrending.
Related ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV)
Related stocks: Hecla Mining Company (NYSE:HL), Coeur d'Alene Mines Corporation (Public, NYSE:CDE) , Yamana Gold Inc. (USA) (NYSE:AUY) , NovaGold Resources Inc. (USA) (AMEX:NG)
No comments:
Post a Comment