In the New Year predictions slot I suggested that gold would continue to offer handy in-and-out (or out-and-back-in) opportunities in its long upward march. Right on cue, gold ticked down from its record year-end high in the first week of January.
But at the same time silver slipped even more - 9%, in fact - from an even more dramatic high.
Personally I have taken this as a cue to start moving in. Physical silver (I have no interest in paper) is more volatile, and less liquid, than its denser friend - an altogether less friendly trading environment for the retail punter. Nonetheless a splendidly tight bid-offer appeared fleetingly yesterday - one of those things that can occur from time to time - and I happened to be at the right screen at the right time. Am now watching for another. DYODD etc