gold vs silver

Hello All,

An article on the The Australian Business today. Here is the link:

http://www.theaustralian.com.au/business/markets/gold-struggles-to-new-record-high/story-e6frg91o-1226035733873

I have included an excerpt below:


Gold has reached a new record, but gains were incremental and may indicate investor fatigue with the pricy commodity.

The most-actively traded gold contract, for June delivery, gained US80 cents to settle at a record $US1459.30 a troy ounce on the Comex division of the New York Mercantile Exchange.

"It seems like it's kind of struggling here," said Stephen Platt, an analyst with Archer Financial Services in Chicago. "The interest is light; if people are buying anything they're buying silver."

Silver has been on a tear recently, hitting a string of 31-year highs and outperforming gold as participants flock to the cheaper investment.

Comex May silver gained US16.5c, or 0.4 per cent, to settle at $US39.552, it's highest close since January 21, 1980. It has gained 4.4 per cent this month, compared with gold's 1.4 per cent rise

Both metals have shot higher as investors seek havens against political and economic tumult. They are also buying gold and silver in the belief they will act as shields against inflation, and such buying continued in the latest session even after the European Central Bank raised interest rates.

Good Luck to all.