Saturday, August 20, 2011

The week in gold (GLD) silver (SLV) their miners (GDX) and their juniors (GDXJ)

How was it for you, darling?

So despite all the headlines captured by gold the metal and its all-time highs, it was silver (SLV) that performed best over the course of last week. We're not saying gold (GLD) did badly however, because 6%+ in just five trading days for the essence of money is a rip-roaring display. The miners (GDX) also did well which is a good thing and might just loosen a few of the "long gold short gold miner" positions held by hedgies these days, but the juniors (GDXJ) not so great, just managing to eke out a week-over-week win