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Silver and Gold Soar After The FOMC

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April 27, 2011 – Comments (2)

Gold and silver are soaring higher this afternoon as the FOMC keeps the Fed funds rate at zero percent. The iShares Silver Trust(NYSE:SLV) is trading higher by $2.58 cents to $46.63. The all time high for SLV was made two days ago at $47.00 a share. That level could get breached today as the U.S. Dollar Index continues to get pummeled.

The SPDR Gold Shares(NYSE:GLD) is trading at a new all time high  today. The GLD is trading higher by $2.50 to $148.90 a share. It is still rather amazing that the Federal Reserve Chairman, Ben Bernanke did not address gold and silver.
    

Nicholas Santiago
InTheMoneyStocks.com

2 Comments – Post Your Own

#1) On April 27, 2011 at 5:04 PM, mtf00l (48.04) wrote:

How is it amazing he didn't address something he has no control over.  Also, he is not repsponsible for a strong dollar, those were Geitner's words.  Bernanke is responsible for stable prices.  Well, prices of things people don't need anyway.

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#2) On April 27, 2011 at 5:47 PM, camarodan64 (96.43) wrote:

http://caps.fool.com/Blogs/dawn-of-the-new-mining-era/211979

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