Out at the peak

Wednesday, March 29, 2006

Silver is doing great

Congratulations to silver longs. One ounce spot is now over $11.10. My physical holdings are at about a 17% increase. SLW stock is up 83% since I bought it. Also my gold is up 6.5%; I've taken profits from this.

This more than makes up for Icelandic CDs which analysts have said hit a bottom and will recover. I'm migrating all foreign currency to CAD, EUR, and JPY only as the outlook for those currencies are more stable and bullish.

Are your savings/proceeds beating the housing slump? I am up about $8K from the markets, and my old house has lost $20K in value. The deviation should grow.


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