Gold Grabs Headlines as Silver and Platinum Shine

Gold's move above $1,000 earlier this month grabbed headlines, but its precious metal counterparts have been the real performers this year. As shown in the chart below, gold is up 14.2% year to date, while platinum is up 42.5% and silver is up 51.3%. For ETFs of these metals, see GLD for Gold, [[SLV] for Silver, and PTM for platinum.

Comments

[TheHague:]

It always depends on when you bought. For me I was upside down 15% until this most recent surge that began on July 13th! Since then I went form being 16% down to a peak of +21% until the pull back the past two days! I bought silver and and miners for a hedge and it has worked beautifully! I love the miners! For the most part I have read and found that miners do better than the physical stuff! However, in the name of diversification one should never trust just one or two companies to make you better. Spread it out that way you cover yourself in case of disaster for one of your stocks! My example is UNCO. Cheap, but for a reason. It is a long play for sure! UNCO has tanked since I bought and does not appear to be some thing I can count on! However, NGD, PZG and SLV all have produced nicely and have covered UNCO. That still may come through if given enough time!

Long: NGD, SLV, PZG, UNCO.

Sep 18 03:39 PM

[Bill L.:]

Hague... 90+% bulls in precious metals while only 3% bulls in the dollar (tradefutures.com's daily sentiment index). These are reversal type numbers, so be careful up here. The precious metals trade is getting very, very crowded.

Sep 18 04:06 PM

[Original Sc...:]

Gold moving to historic highs in spite of govt backed price supresson is a symptom of how bad the fundamentals of the US economy are. The large banks have been a parasite on the US and global financial sceen for decades. We are seeing just the first wave of $ decay.
The govt bailouts have just assured the $'s continued decline and the obvious reason for gold to rise. All nations seem intent on printing to absurdity. Gold reflects intrinsic value even as the US does its best to "manage" the price. It is the world slowly waking up to the fiat ponzi scheme and running for safety that will keep gold and all commodities rising for the foreseeable future.

Yes there will be pullbacks and rises, but the overall trend is locked in concrete.. UP UP UP.

Sep 20 08:59 AM

[Mad Hedge F...:]

und Those transfixed by gold blasting through the $1,000 level have been missing the real action in silver. The white metal has soared 57% to $17 since the beginning of the year, compared to only a 22% move for the barbaric relic, an outperformance of almost three to one. I have been a raging bull on silver all year, and on May 7, grabbed you by the lapels and shook you senseless if you didn’t buy at $12.70 (click here for earlier report ). It is nothing less than owning gold with a turbocharger. Silver gives you a nice double play. Its qualities as a precious metal are giving it a major boost from the flight from the dollar, one of this year’s certainties. It is also an industrial commodity, which unlike gold, is consumed, and therefore gives you a call on the recovering economy. If you don’t think this move is real, check out the shares of the silver producers. Coeur D Alene Mines (CDE) has rocketed by 57% this month and is up 144% YTD, while Silver Wheaton (SLW), and Hecla Mining (HL) have also done well. If you want to get set up on buying silver futures, e-mail me at madhedgefundtrader@yah... and I’ll tell you how to do it. To accumulate .999 fine silver dollars for only a buck over spot, or bullion at the lowest spreads in the market, visit mileniummetals.net by clicking here. How long will it take to get to the old high of $50? The Hunt brothers must be grinding their teeth.

Sep 21 11:55 PM