Saturday, May 5, 2012

Silver and gold went up when the dollar went up and oil went down. Usually metals go opposite of the dollar and along with oil. At the beginning of Friday silver did drop but it quickly recovered and went up. The general markets were down 1 to 2%. This is kind of bullish for silver and gold.
Silver is at $30.34 (Kitco) + $.27
Oil (WTI crude) is $98.59 down around $3
Dollar Index $79.60  +.32
Gold $1642.10  +6.30

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