PM scorecard for the week

Justacommeman

In a week of correction

Silver +4.8%
Gold +0.8%
Platinum -1.1%
Pladium -3.3%

Silvers move seems to be on auto pilot. It shook a few more apples from the tree this week. Stunning.

MJ

DUIGUY

coning soon to a theater neer ya,
silver +20%

goingbroke

BOY, silvers doing much better than gold! wouldnt you know it.....all I have is gold and no silver.Now I am stuck with the stuff

fivecents

<< <i>Silvers move seems to be on auto pilot. It shook a few more apples from the tree this week. Stunning. >>

At these prices MJ my apples are only hanging on by a very thin thread. Glad I have held off selling so far.

Wingsrule

Random PM facts on this rainy Saturday morning.

The last time silver finished down on a week-over-week basis was the week ending March 20 when it closed at $35.28, down $0.62 from the prior week. Since then,

Au up $66.70 or 4.70%
Pt up $68.00 or 3.95%
Pd up $36.00 or 4.94%
Ag up $7.77 or 22.02%

YTD
Au up $64.80 or 4.56%
Pt up $20.00 or 1.13%
Pd down $35.00 or -4.38%
Ag up $12.14 or 39.28%

So far this year, silver has only dropped week-over-week on 4 occasions, with three of those coming right at the start of the year.

From the lowest weekly close (peak-to-trough) of $27.53 during the week ended 01/23/11, silver is up $15.52 / ozt or 56.37%.

Added:

YTD, the Dow, S&P500, Nasdaq and the Russell 2000 are all outperforming Gold, Platinum and Palladium by 3-4 percentage points.

coinkat

Interesting to just look at numbers...

As I have said numerous times- watch interest rates because the cost of owning coins, precious metals etc has never been better. Look at the real return on interest rates and that tells the whole story

Also, something folks may not be thinking about and this is going to read and sound strange and all I can say is... it is what it is

The world is a different place than it was 10 years ago

Technology has changed- communication has changed - and take a look at what has happened over the past 5 months and see how things happened.

-there is a rising middle class in other countries

-While silver seems to be over extended, the situation today is different. Perhaps the most significant consideration is that even though Silver is at a 30 YEAR HIGH, That high woul be in early 1980 dollars and if that is adjusted for the value of the dollar today, the real all time high is over $100.

One final comment- don't put all of your eggs in one basket

derryb

AGQ - 9%

roadrunner

I wonder how Cohodk's latest silver puts were working out?

I'm personally thrice bitten, and now permanently shy!

roadrunner

57loaded

<< <i>I wonder how Cohodk's latest silver puts were working out?

I'm personally thrice bitten, and now permanently shy!

roadrunner >>



...his new avatar rocks!

but yeah it's like who is "controlling" it now?

halfhunter

<< <i>

<< <i>I wonder how Cohodk's latest silver puts were working out?

I'm personally thrice bitten, and now permanently shy!

roadrunner >>



...his new avatar rocks!

but yeah it's like who is "controlling" it now? >>



OMG . . . The Asians have landed ! ! !

HH

cohodk

<< <i>I wonder how Cohodk's latest silver puts were working out?

I'm personally thrice bitten, and now permanently shy!

roadrunner >>



Covered them the next day. As i posted at the time, when RSI has risen into the upper 80s' on an hourly chart, there was a 4-10% correction. Silver corrected 5.2% that day. I was out. I traded the May SLV puts from about 1.30 to about 1.80. Nice 38% trade. I only had 50 though

But like I've said 100 times, gotta be nimble. My only commitment is to my wife, all other "assets", I date. Some just for a night.

Justacommeman

jmski52

Every gambler knows...
The secret to survivin'...
Is knowin' when to walk away...
Knowin' when to run...

You never count your money...
While you're sittin' at the table...
There'll be time enough for countin...
When the dealin's done.

Figuring percentage gains is fine, but...
It ain't over, folks. It ain't over.