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March 21, 2006
SLV: ETF coming soon to your portfolio, Tues., Mar. 21, 2006, 2:51 PM
The Silver Crazies are ecstatic that the SEC has approved the listing of the Barclay's Silver ETF on the AMEX. So SLV will soon be listed for trading and, like GLD and IAU, ought to be in your portfolio if you care at all about hard money.
This article by MarketWatch tells the story. Consequently Silver is up about 17 cents today to $10.48 " on its way to $15.00.
The Silver stocks have all done well. But at higher silver prices, the earnings potential plus the enthusiasm of the Silver Crazies will take these share prices much higher.
My only concern is that traders who don't closely follow capital markets may get in too late and stay too late. So always watch the RSI for all the time frames, and for all the stocks in this group, for sudden strength and weakness.
Silver & Other Precious Metals Stocks (30-Minute Data)
Silver & Other Precious Metals Stocks (Daily Data)
Posted by Posted by Bill Cara on March 21, 2006 02:51:40 PM | Category: Bullion
Discourse
Could this be IT? Complete ROLLOVER on all the indices beginning at 2pm after some strange run-up beginning at 11am. This looks NASTY and some real technical damage being done here.
Posted by: MarkM ![[TypeKey Profile Page]](http://www.billcara.com/nav-commenters.gif)
at
March 21, 2006 3:30 PM [link]
Gold Miners:
Need to be a little careful here if general market weakness sets in this will exacerbate any decline in miner prices caused by weakness in the metal. Today is a case in point. This may be a rough week if things continue as they are.
Posted by: MarkM at
March 21, 2006 4:01 PM [link]
Yea,the market after 11am acted funny. I did some spring position cleaning.
Posted by: Marp at
March 21, 2006 4:22 PM [link]
Bill, the Dow, S&P and Naz are looking a little, well, TOPPY here.
Posted by: MarkM![[TypeKey Profile Page]](http://www.billcara.com/nav-commenters.gif)
at
March 21, 2006 3:13 PM [link]