SILVER ETF: Buy Poor Man’s Gold If You Missed The Gold Rally
October 11th, 2009
Barron’s editor Steven M. Sears explains how if investors have missed the Gold ETF rally (GLD), that the Silver ETF (SLV) still holds an opportunity in the market. The primary proxy for silver is the iShares Silver Trust (SLV), which is trading at a modest $17, compared to $102 for the SPDR Gold Shares (GLD).
Related posts:
- PIMCO Missed The Trade Of The Year In The Treasury Market (TBT, TLT, TBF, IEF)
- Why A Short-Lived Pause In The Silver Rally Is More Than Likely (SLV, PSLV, AGQ, ZSL, SIL, GLD, SIVR)
- $5,000 Gold & $150 Silver: Load Up On Gold and Silver As Bernanke Dives Off The Deep End (GLD, SLV, GDX, AGQ)
- Gold and Silver ETFs Down In Afternoon Trading; More Pressure On Silver (GLD, SLV, AGQ, GDX, ZSL, IAU)
SLV most likely doesn’t hold the proper amount of physical to cover the paper. Buy HL it is undervalued, paid off their debt, and production cost are the lowest of any Silver miner on the planet.