Browse > Home / Economy, Long Ideas, Markets, Stocks, Strategy / Buying Silver (SLV) – Charts and Dollar Explain Pullback

Buying Silver (SLV) – Charts and Dollar Explain Pullback

December 11, 2009 2:05 pm

We have added the industrial and precious Silver through the iShares Silver (SLV) on the recent pullback.

Silver is used for more than just jewelry. It is an important  part of:

  • Industry
  • Photography
  • Silverware
  • Coins
  • General Fabrication

The technicals have been moving right along with the U.S. Dollar, which has been rising of late. The inverse relationship causes metals, oil and other commodities to dip when the U.S. dollar rises.. Recently the U.S. economy has been in recovery mode to a point that the concern being voiced is that the Fed will be forced to raise rates sooner than anticipated.

There will some jumping around with this one and we are holding it to a small position.

silver_slv

Silver has outperformed the CRB Sot Metal Index

SLV 20091209

___

Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.

Be Sociable, Share!

Sorry, No Related Posts.

Disclosure: This material is provided for information only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument. This material is not a complete analysis of all material facts respecting any issuer, industry or security or of your investment objectives, parameters, needs or financial situation, and therefore is not a sufficient basis alone on which to base an investment decision. Horowitz & Company clients may hold positions (long or short) in investments discussed.
Please click for detailed disclosures and additional information about our stock ratings and scoring.

Written by Andrew Horowitz · Category(s) Economy, Long Ideas, Markets, Stocks, Strategy    |  Tags: • •   

4 Responses to “Buying Silver (SLV) – Charts and Dollar Explain Pullback”

  1. Joe D. on December 15th, 2009 3:45 pm

    Just trying to follow here. I don't quite understand that you are both long the dollar and long Silver. Is one a hedge? Is the Silver play more of a short term trade than the inverse Euro pick?

  2. Andrew Horowitz on December 15th, 2009 7:50 pm

    Dollar against Euro not the whole basket

    -Andrew

  3. TheDebtHawk.com on December 22nd, 2009 12:25 pm

    Andrew,

    Do you think that silver will out perform gold in 2010?

  4. Andrew Horowitz on December 22nd, 2009 12:48 pm

    Very possible

Got something to say?