Precious Metals: This Time The Trend Truly is Your Friend
I often get e-mails from readers stating that are leery about investing in precious metals. They complain that the markets are “too volatile.” In the short term the metals markets– particularly for silver and platinum–are indeed quite volatile. (Witness yesterday’s 28 cent dip.) But it is important to step back and look at the big picture. Forget the daily fluctuations. Instead, look at the 120 day moving averages (DMAs). Next, study the 5 year and 10 year charts at Kitco.com. Back in the late 1990s, investors were piling into the NASDAQ, gobbling up high technology stocks in a speculative frenzy …