About 40% of GLD is held by institutional investors. On the other hand, only about 14% of SLV is in the hands of institutions.
Individual investors have stayed invested, despite significant price weakness. They don't think the silver bull market is over. Silver coins are very popular, and selling.
Silver could double in a year or so.
Hard to catch a falling knife, and my hand is bloody.
Ready to step back in the breach Monday and buy more.
Short attack is right. Hope it is over.
"People are Right to Fear Paper Money."
"It's Only Going to Be Worth
Less and Less Over Time."
- Warren Buffett
Yes, with the shorties running for cover, CIM should have a good run. No one knows how much, but it is a nice x-mas present.
Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend.
Chart pattern indicates a Strong Upward Trend.
Relative Strength is Neutral.
Up/Down volume pattern indicates that the stock is under Accumulation.
The 50 day Moving Average is rising which is Bullish.
The 200 day Moving Average is rising which is Bullish.
Any one who bought 2 mos. a go, has done well.
We should see more upside movement into the New Year.
However, buy on dips, keep some powder dry, and be patient.
I'm making a little money on HL so far this year.
That said, HL was my worst stock for 2013.
But all PM's tanked.
I own HL and SLW and AUY.
Man looks into the abyss... nothing is looking back at him.
It is there that he finds his character.
HL has seen the abyss and lived to go higher. At least for now.
Long and Strong
Sold almost all of my DNN @ 1.42 for a tidy profit.Playing with the house's money on the rest.
Sold all of RNN for a small gain.
FSC was my best gainer today.Not selling.
I could "almost" make a living at this, if we had more days like today.
PM's were down today, but I'm not complaining.
Just bought CFP @ 5.07.
I don't know if the 18% is sustainable,but I started a small position to test the waters.
Don't see much down side from here, but the divvy could be CUT.
America's nuclear plants, all 104 of them, consume a whopping 43 million pounds of uranium every year.
There are 435 nuclear reactors in the world, with another 66 under construction. That's 15% more than are currently operating. Estimates,--- 408 more will be added in the next couple of decades.
So we will how 2014 plays out.