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Barrons.com - Another Rough Patch? Gold, Silver Slide; Managers See Better Times

01 November 2011

Gold and silver were opening Tuesday sharply lower as heightened tensions over Greece and a soaring U.S. dollar pressured precious metals.

Despite another rough patch — GLD has fallen roughly to the same price level as it was this time last week — some see prospects for both the yellow metal and silver a bit improved. Gil Morales and Chris Kacher, who run MoKa Investors and use ETFs in their client accounts and hedge fund, point out that GLD recently successfully retested its lows around $151 a share. Last week, its shares also pivoted higher on heavier volume past its 50-day moving average, a key technical indicator.

Read the full article here.

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