Friday, May 6, 2011

Jim Cramer, this sell-off is about market mechanics, not the fundamentals,

COMEX Silver for May delivery dropped another $3.152 per troy ounce Or 8% to $36.23
Jim Cramer : all things gold and silver got pounded again today. as people who bought them with borrowed money were force the to put up more cash or get blown out of their positions. something i have been warning you about all week. this sell-off is about market mechanics, not the fundamentals, so i'm not backing away from gold as a fantastic long-term money-making theme. you need to have gold in your portfolio. now that it's begun to pull back and pull back hard, it's time to consider building a position slowly if you still don't have any exposure to the shiny stuff. remember, my playbook is simple. i like bullion, actually gold bars.



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

How to trade silver volatility



The volatility in silver market was created by the combination of the bubble forming and the CME decision to increase the margins ,we got a rush to the doors situation , Silver futures headed for the steepest weekly decline since at least 1975 as the CME increase in margin requirements and slump in commodities from copper to oil prompted investors to sell precious metals

David Morgan Silver long-term bull market remains stable

David Morgan : all market come down faster than they go up , the fundamentals have not changes the bull market is still there as long as these governments keep on printing money the pressure on gold and silver to go up remains



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
DAILY NEWS ON BOOZE