Saturday, June 26, 2010

Silver Investing - Silver's 200 Day Moving Average

In one of the gold and silver newsletters I receive, it was pointed out that the 200 day moving average for silver now stands at approximately $17.50. It has been almost 30 years since it has been at that level. Whether you know what a 200 day moving average is or not, understand that this is very bullish for silver.

The newsletter also contained a link to an article by James Cook of Investment Rarities, Inc., a precious metals dealer located in Minneapolis. I have met Mr. Cook on a few occasions and to say he is bullish on silver is an understatement. Here is the link to his article which you may find to be an interesting short read.

Happy investing.

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