Wednesday, March 14, 2012

Jim Rogers likes silver more than gold

Both silver and gold have enjoyed a bullish run this year.  For 2012, the SPDR Gold Shares ETF is up 9.44%. Over the last 52 weeks of trading, GLD has risen 20.46%. It is down, however, for the last six months, quarter, month, and week of buying and selling action. GLD is now trading below its 20-day moving average.

Year to date, the iShares Silver Trust ETF is up 25.32%.  It has not risen that much over the past 52 weeks of trading, as it is up only 1.02% over that period. However, it is much stronger over the short term than GLD. Over the last quarter, iShares Silver Trust is higher by 5.50%. For the last month of trading, it has risen 3.02%.
Of note to investors should be the short floats for each exchange traded fund. A short float of 5% is considered to be troubling.  SPDR Gold Shares has a short float of 4.12%. iShares Silver Trust has a a short float of 5.46%.