Showing posts with label Gold and Silver trade. Show all posts
Showing posts with label Gold and Silver trade. Show all posts

Tuesday, February 22, 2011

Gold and Silver trade as the metals continue to rally

NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, reveals how he would be trading gold and silver as the metals continue to rally.




Gold prices breaking 14100 silver at thirty year highs. Doing these bills -- senior market that is at and while not now let's -- up with silver here spot price of about fifteen so right down 59 cents but -- after a rally at 3433. On Monday. Big move in the last week aren't trading right now.
Phil Streible,  :....You don't look -- have really taken profits up at these levels here and that's something you rarely hear me say. I think prices that moved a little bit too far too fast. On other people disagree with me but I'm looking at somebody outside markets -- BS and 500 down significantly. All the rating market's getting hit some of the other metals like copper platinum palladium or -- look on -- a significant amount of pressure and it beat that this could be a soda for some kind of reversal. On on the silver market which could have some blacks are specially with some guys that -- to -- getting in. Running out of cash generating margin calls and I think silver prices -- a little bit weaker.
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