Monday, 26 August 2013

Silver trend reverse?

Since my last post on Silver, from TA, it seems that the downward trend of Silver has slowed and it has started to reverse up. Although it has crossed the 50MA, it is still below the 200MA. As such, for medium term, the trend should be forming upwards. For long term investor, is it a good time to start buying some?

A few friends asked me given a choice and limited funds, which one to invest, Silver or Gold. Well, though Gold is also reversing the downward trend as well, I am not comfortable investing in it now since both George Soros and John Paulson had sold off most of their gold holdings. We are just small fry, we should always follow the big SHARK right :)

Related post: Time to buy gold and silver?

No comments: