04.10.2011 - Gold, silver shine; Is ‘smart money’ turning bullish again?
More turmoil in Europe over the ongoing debt crisis led investors Monday back into gold and silver ETFs. But will two-days of positive gains be enough to convince traders that a bottom is near after September’s nasty sell-off? The SPDR Gold Trust (GLD) closed up today by 1.8% and the iShares Silver Trust (SLV) finished ahead by 2%. Miners followed stocks down: the Market Vectors Gold Miners ETF (GDX) slid 1.3% and the Global X Silver Miners ETF (SIL) fell 2%..............................................Full Article: Source
Print