Feb 16, 2011, 09:30 ET
CHICAGO, Feb. 16, 2011 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "inthemoneystocks".
For more Voice of the People, visit http://at.zacks.com/?id=5851
Silver & Gold In Play
February 16, 2011 - RELATED TICKERS: iShares Silver Trust ETF (NYSE: SLV), SPDR Gold Trust ETF (GLD), Silver Wheaton Corp. (SLW), Newmont Mining Corp. (NEM) and Agnico Eagle Mines Ltd. (AEM).
This morning the iShares Silver Trust ETF (NYSE: SLV) is trading higher by 0.12 cents to $30.08 a share. The SLV has been in rally mode for the past three weeks. The daily chart of the SLV remains above the daily 20 and 50 moving averages which put the SLV in a strong technical position. Traders can watch for intra-day resistance around the $30.40 level.
Gold is also trading higher this morning. The highly popular SPDR Gold Trust ETF (GLD) is trading higher by $1.02 to $132.99 a share. The GLD will have some minor daily chart resistance around the $134.00 level.
Most silver and gold mining stocks are rallying higher this morning. Silver Wheaton Corp. (SLW), Newmont Mining Corp. (NEM) and Agnico Eagle Mines Ltd. (AEM) are the leading gold and silver stocks today.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=5957
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5958.
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Contact: Brent Billock
People & Picks Manager
Email: [email protected]
SOURCE Zacks Investment Research, Inc.
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