PMs in perspective

Silver is currently at 31.60.  I've loaded up on more Silver positions and closed out my Oil positions.

To put things into perspective, let's have a look at the Silver weekly chart.

From Dec 08 to May 09, Silver has been below the 50 week MA (Moving Average).  Ever since that time it has always been above the 50 week MA.  That represents a more than 2 year run above that level!  Now that Silver is back below this level it will probably run higher when it gets above this level.  Make no mistake, this is a great buying opportunity.


Let's look at Gold.

Gold's graph looks incredible.  It hasn't had a pause since Feb 09!  Again the blue line represents the 50 week MA.

The trend is still up and both represent great buying opportunities.  Although I have to say, Silver represents a better opportunity.