The Uptrend with PM Stocks
Posted on September 17, 2007 , filed under Stocks | Print This Post
The uptrend with gold and silver stocks in the past month has been nothing short of spectacular. The interesting phenomenon is that PM stock prices still lag previously set prices during the most recent period that physical PM prices traded at these levels. The explanation for this is likely credit related volatility and a large amount of commercial funds waiting on the sidelines to hear a definitive response by the Fed on interest rates.
Taking a look at a few PM stock charts shows that the uptrend is solidly intact. Here is Yamana Gold’s [[AUY]] chart.
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Kitco Charts
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[USD Chart, Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
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