After I posted "It may NOT be too EARLY to think about GOLD and SILVER" on 7/27/13, I guess I have lucky timing when I read this today:
"July 29 (Bloomberg) --Gold futures climbed for the second time in three sessions on signs of increased physical purchases.
Bullion futures have jumped 8.7 percent this month, set for the biggest monthly increase since January 2012. This month’s gain was driven by investors closing out bets on price drops and “opportunistic” buying from Asia, after the metal fell into a bear market in April, according to VTB Capital. Federal Reserve policy makers begin a two-day meeting tomorrow."
"Silver futures for September delivery climbed 0.5 percent to $19.864 an ounce in New York.
On the New York Mercantile Exchange, platinum futures for October delivery added 1.4 percent to $1,442.70 an ounce, the first advance in three sessions.
Palladium futures for September delivery jumped 2.9 percent to $744.65 an ounce, the biggest jump since July 1. The metal slumped 3.4 percent last week, ending a three-week rally. "
SLW could be an interesting play. I've thought about picking some up also. Right now I just have small positions in CEF and SPPP and moderate positions in GG and GOLD. I was in IAG but sold after it recovered back to $5. We do indeed live in interesting times.