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November 3, 2011

Gold And Silver At Discount Prices

October was very much about consolidation and recovery from the September correction. From trough to peak, gold recovered 8.9 percent to 1741 dollars/ounce, before sliding back to 1700 Dollars/ounce as October came to a close. For silver, trough to peak was 25.7 percent, seeing silver hit $35.42 before sliding back to around $33. Both are comfortably at what I would consider discount prices. - in Schiff`s Gold Newsletter

Tickers, SPDR Gold Trust ETF (GLD), IShares Silver ETF (SLV)

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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