Gold, Silver and Mining Stocks Pause


"It's all about investors' risk appetite, and some of that disappeared last week."

Here's a chart from the current issue of the investment newsletter at Iacono Research. It's been quite a ride for gold, silver and mining stocks in recent months, their future direction now uncertain as the world waits to see what Ben Bernanke and the crew at the Federal Reserve do in 10 days after the most highly anticipated Fed meeting in quite some time.

gold, silver & mining stocks pause

I continue to think that the junior gold miners ETF would be a nice addition to anyone's investment portfolio and it is the star performer in the 2010 model portfolio with a gain of 39%, however, as should be clear in the upper right portion of the chart above, it can go down as fast as it goes up. At this point, it's all about investors' appetite for risk; and, last week, some of that appetite disappeared with the silver price being similarly affected.

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