Wednesday, March 14, 2012

Jim Rogers likes silver more than gold - NASDAQ

Both silver and gold have enjoyed a bullish run this year.  For 2012, the SPDR Gold Shares ETF is up 9.44%. Over the last 52 weeks of trading, GLD has risen 20.46%. It is down, however, for the last six months, quarter, month, and week of buying and selling action. GLD is now trading below its 20-day moving average.

Year to date, the iShares Silver Trust ETF is up 25.32%.  It has not risen that much over the past 52 weeks of trading, as it is up only 1.02% over that period. However, it is much stronger over the short term than GLD. Over the last quarter, iShares Silver Trust is higher by 5.50%. For the last month of trading, it has risen 3.02%.
Of note to investors should be the short floats for each exchange traded fund. A short float of 5% is considered to be troubling.  SPDR Gold Shares has a short float of 4.12%. iShares Silver Trust has a a short float of 5.46%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Jim Rogers

Warren Buffett

Nouriel Roubini