Bad Month

It has been a bad month for me and gold. Gold has taken a hit from the correction, but remains extremely high and is now a decent investment. Silver is doing the same, staying above $17 for now and could be a great buy for anyone interested.

As for me, it has all been about the flu. Since I moved over Thanksgiving Weekend I have had the stomach flu first and now the respiratory flu. It isn't fun and my Christmas shopping is suffering.

Anyhow, enough about me lets keep focused on silver and gold.

The Fall Continues for Gold

Gold continues going down on another rough day. I am still a believer that the fall is nothing more than some profit taking. Here is video from FOX Business...Talks about profit taking...Keep an eye on silver.

Gold Takes Major Tumble

Gold took a major tumble Friday afternoon, but honestly is anyone surprised? If so they shouldn't be. Many of the gold naysayers are proclaiming this was do to the increase of the dollar as it a hit a five week high. Combined with speculation that the Fed Chair is hinting at an interest rate increase and investors, as they say, have suddenly taken a liking to the dollar.

Don't count on it. This is another caffeine jolt for the dollar as the underlying factors remain for the greenback to struggle. Those that react so strongly to the Fed Chair and others in D.C. are the ones screaming for a bailout every few years. Honestly, ignore them for the most part and look around. There are no signs the debt is going down, the economy remains in neutral at best, the current administration is determined to print and spend and China is still questioning the value of the dollar.

Helicopter Bernie might offer a few quick words that bring a week long surge, but the dollars' tumble is not going away anytime soon.

Silver Hits $19

Silver is at $19 per ounce. The rapid rise of silver should come as no surprise. Everyone felt it was going to happen at least those interested in investing. The fact is gold continues to go up and has become the play of the banks, silver has no become the common investors option. Perhaps I should change the name of this blog....

Silver Going to $19?

All the talk has been gold, gold, gold in the mainstream media, but showing once again that most outlets are a step behind, silver is the big news currently. Gold's little brother is pressing $19 per troy ounce and is looking to establish a $17 floor.

The prudent move now is to hold gold and buy some silver. It remains off record highs and like gold, is benefiting from the great turmoil around the world. The economic problems appear to be ongoing, meaning more and more cash is flooding out of the traditional stocks and bonds and into commodities such as gold and silver.

As for silver options, they are just like gold, but instead of clicking the gold icon, hit the silver one. Switch American Gold Eagles for Silver Eagles. Look at ETF's focusing on silver and seek out companies mining silver. Now is the time to act, before like gold, silver becomes over-priced.