9
February
Silver Streak: Poor Man’s Gold Keeps Surging
9 February 2011 Wall Street Journal
Hi-yo Silver, away!*
Old Yeller’s less precious cousin is continuing its recent tear, with Silver for February delivery surging more than 3% on the Comex to close at $30.27/oz. Silver has gained about 13% since Jan. 25 and its close above $30 is considered technically promising. Silver has been up four straight sessions and seven of the last eight.
Meanwhile, the barbarous relic has had a tougher time of late. Gold for February delivery did manage to gain 1.2% on the Comex to close at $1363.40, snapping a two-session win streak.
http://blogs.wsj.com/marketbeat/2011/02/08/silver-streak-poor-mans-gold-keeps-surging/
