Friday, April 15, 2011

Gold Daily and Silver Weekly Charts - Gold, Silver and Stocks in a Financial Panic

http://jessescrossroadscafe.blogspot.com/2011/04/gold-daily-and-silver-weekly-charts-no.html
I will repeat as I have done so over and over, that if there is a general liquidation of all financial assets, gold and silver will take a hit as well, along with most other commodities. Silver will decrease further because it has a high beta or variability.  Since the miners have a correlation to stocks they will take a hit depending on their beta.

This will most likely represent a buying opportunity if you have the right time horizon and capitalization, and of course depending on your economic outlook, because gold and silver tend to  recover more quickly than stocks if there is an economic recovery.

No comments:

Post a Comment