Despite today's market being up by over 1%, gold and silver, normally defensive positions, are doing very well. At Kitco's website we can see that gold is up 1.21% to $501.60 and silver is up 2.3% to $8.48.
Because gold and silver have risen so much recently, I am not sure I would want to initiate a new position. But for those of us already holding gold and silver, this recent move is welcomed.
As a matter of fair disclosure, I hold GLD (gold) and PAAS (Pan American Silver Corp.). An excellent website that provides more information is Fleckenstein Capital, which is subscription based.
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