Wednesday, June 3, 2009

Chart Of The Day

Click on chart to enlarge

This is a chart of the silver ETF (SLV), it's share price mirrors the price of silver. As you can see, silver prices are up $4.00 an ounce since May 1. This is a 33% rise in less than five weeks. It's up almost 100% since December (sure beats a 2% CD). A weak dollar and fears of inflation has attracted big interest. Looks like silver will take out it's 2008 high of $21. Silver is a great place to be these days.-Lou

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