Still diving down, some pundits expect this to continue for the next few months. Yet most see a long-term uptrend, and view this as a correction at best.
So the way to buy in is to wait for the price to pierce some moving average to the upside, right?
Along with GLD, suggestions include silver weaton and great panther.
Also, gold mining stocks, which have been punished this year, could payout big.
Lots of hype at:
Some claim the silver/gold ratio should be 16:1 (currently it is ~40:1),
there is roughly 16 times more silver in the ground than gold, thus the silver price will eventually reach one-sixteenth the price of gold.
which implies silver is currently undervalued by 2/3rds
Ivanhoe Mines Ltd. (IVN:TSX; IVN:NYSE)
Hunter Bay Minerals Plc (HBY:TSX.V)