Silver and Gold Soar After The FOMC

Gold and silver are soaring higher this afternoon as the FOMC keeps the Fed funds rate at zero percent. The iShares Silver Trust (NYSE:SLV) is trading higher by $2.58 cents to $46.63. The all time high for SLV was made two days ago at $47.00 a share. That level could get breached today as the U.S. Dollar Index continues to get pummeled.

The SPDR Gold Shares (NYSE:GLD) is trading at a new all time high today. The GLD is trading higher by $2.50 to $148.90 a share. It is still rather amazing that the Federal Reserve Chairman, Ben Bernanke did not address gold and silver.

About Nicholas Santiago 575 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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