These two hold top gold and silver miners

Article Excerpt

In 2011, gold shot up to a high of $1,950 U.S. an ounce, and silver reached a high of $48.48. Gold prices then fell steadily and in late 2014 dropped below $1,200 for the first time since mid-2010. The metal now trades at $1,203. Silver also fell, hitting a five-year low of $15.35 an ounce in late 2014. It now trades at $16.21. In the longer term, gold and silver could well regain their 2011 highs. This will simply reflect the vast expansion in the U.S. money supply that has taken place since the financial crisis struck in 2008. Meanwhile, prices could move lower again in what some market observers might refer to as “capitulation”— when investors simply give up on a long-held position. That’s when the next big rise in gold and silver is likely to start. If you want to hold gold or silver stocks in anticipation of that rise, these two ETFs offer top-quality global miners and…

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