Know When to Hold ‘Em
Posted by Investment Rarities on October 18th 2011 in Bart Chilton, CFTC, China, Federal Reserve, Gary Gensler, Gold, JPMorgan, Short Sellers, Silver, Wall Street | Be the first to comment!
“Is Silver the Next Apple?“ That’s the question posed by the work of a Swiss researcher who compares Apple’s bull-market run — with 5 major corrections — since 1998, and silver’s run up since 2003. He writes that “With everyone talking about Steve Job’s death and the wonderful investment Apple shares have been, a closer look shows how hard it is to catch a trend over the long run. I still believe in the silver story, and one can see what it takes to hold on to long-term positions … Bottom line, you have to suffer the tests of your convictions to catch the major trends.”
And while Apple’s shares dropped some 5% on Tuesday after the company missed revenue and earnings estimates, the five corrections cited in the article range from 27% to 82%.
Related Links:
Dow Jones: Comex gold eases on China slowdown worry
MarketWatch: Gold futures log a loss of nearly $24 an ounce; silver gains one cent
Bloomberg/CFTC Law: CFTC votes 3-2 to approve new position limits on commodity speculation
CFTC Commissioner Bart Chilton: “I would have preferred tighter limits for certain contracts, particularly precious metals“
USA Gold: Alternative Misery Index drives gold demand
MoneyWeek: Gold buys political protection
Reuters: India to see robust gold imports in festive quarter
Silver Investing News: Silver investment on par with gold
Seeking Alpha: Silver reverts to mean ratio to gold – Approaching relative value buying range
Globe & Mail: Eric Sprott makes a bet on a different kind of bank
Reuters: South Carolina mine sparks mini-gold rush to the Southeast
Telegraph: Mining giant sparks Europe’s new gold rush
Mineweb: Russia, Thailand and Bolivia buy more gold, Philippines and Sri Lanka sell some
Reuters: Central bank: Kazakhstan will buy all its gold for reserves
