Thursday, January 3, 2013

Silver Is A Buy

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Silver almost tripled since the end of 2008, lagging behind only platinum in gains for precious metals this year as policy makers from the U.S. to China to Europe pledged more action to boost economies. That’s attracting investors betting that stimulus will stoke inflation and debase currencies. It’s also luring those wagering growth will strengthen industrial demand for silver, 53 percent of which is used in everything from televisions to batteries.
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ITZ favorite play in the silver market is Silver Wheaton (SLW). Having traded it in the past has proven very profitable.

Silver and SLW are attractive here, we had a nearterm run up & today a sharp selloff on Federal Reserve news. But ITZ is basing the rise on silver as well as gold on the rising debt ceiling. The upcoming problem Congress will face, will most certainly mean our nation will raise the debt ceiling...again.

ITZ favors silver over gold and in the silver sector Silver Wheaton (SLW) is best of breed.


itzstockchartz said...

Entered first 1/4 position $35.10

itzstockchartz said...

Add to position $32.75 (1/4 position)

itzstockchartz said...

added 3rd 1/4 position $32.30