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July 25, 2011

50 USD Is Now The Resistance In Silver

We’ve held some key lows, especially in silver, where silver held up and never got down to 30 USD. That used to be the resistance before it broke up and moved up to 50 USD. 50 dollars is now the over head resistance and we will take that out before the end of the year. I think eventually silver north of 200 dollars with gold over 5,000 dollars makes a lot of sense. - in WallStreetSheet

Related Tickers: SPDR Gold Trust (ETF) (NYSE:GLD), Newmont Mining Corporation (NYSE:NEM), Barrick Gold Corporation (USA) (NYSE:ABX) , Goldcorp Inc. (USA) (NYSE:GG), Yamana Gold Inc. (USA) (NYSE:AUY), NovaGold Resources Inc. (USA) (AMEX:NG), Ishares Silver ETF (SLV), Hecla Mining (HL), Silver Wheaton (SLW)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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