Gold ETFs Shine, Silver ETFs Shine Brighter
Source: Seeking Alpha, Commodity HQ (9/21/11)
"Gold and silver continue to trend back and forth as equities ping pong around a number of issues."
The past few months have seen gold prices shoot through the roof, bringing gold ETFs along for the ride. The go-to gold fund, SPDR Gold Trust started the year off around $138, and is now trading at about $173.50, marking a 25.7% increase. With gold briefly eclipsing the $1,900 per ounce mark in early September, the precious metal hitting $2,000/oz. seems like a matter of when, not if.
But while gold continues to trend back and forth as equities ping pong around a number of issues, many investors and analysts have developed strong opinions as the whether or not the asset class is bubbled, or only just begun its meteoric rise. . .View full article