Don’t Miss the Epic Gold and Silver Explosion
By Christopher Barker
Dailyfinance.com
08/25/12
If absence makes the heart grow fonder, then those intrepid gold and silver investors who stood valiantly through the sector’s latest corrective slump will harbor a very special fondness for the sudden upside explosion that’s occurring in precious-metal equities. From the world’s largest producers, to the multitude of impaired microcap explorers, such resounding strength has been absent from these stocks for quite a long while now.
Have a look at the following one-month chart, which shows the gold and silver miners breaking out in dramatic fashion as the SPDR Gold Trust (NYS: GLD) and the iShares Silver Trust (NYS: SLV) have advanced by 6% and 14%, respectively. Not surprisingly, the late-summer rally gathered additional steam this week after Federal Open Market Committee minutes exhibited greater support for a third round of quantitative easing than had been seen from prior sessions.
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