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IAUF - A Short Squeeze Can Push These Gold And Silver Miners Even Higher
iShares Gold Strategy ETF
The bull market in gold (GLD) and silver (SLV) is the real deal. The price of gold at $1,844 per ounce is quickly approaching its all-time of $1,920 set back in 2011. Similarly, silver has gained upside momentum with a sharp rally in recent weeks breaking above the important $20/oz resistance level and now trading at $21.60. The combination of unprecedented levels of global fiscal and monetary stimulus coupled with record low interest rates is supporting the outlook for precious metals as a store of value amid uncertain macroeconomic conditions.