Gold New High $1272, Added Positions

Gold just hit another record high and counting as we’re halfway through the trading day. It will be interesting to see if it can push even higher as the day rolls along. I’ve added small amounts to my positions today, not nearly the amount I normally would, just in case I’m wrong about a pullback but in any case I have added some shares and still have cash on hand as a reserve.

Quick precious metals stocks snapshot:

52 wk high on Silver Wheaton Corp (SLW), 20 year high on Newmont Mining (NEM), all time high on SPDR Gold Shares (GLD), 52 wk high on iShares Silver Trust (SLV) El Dorado Gold (EGO) is currently $0.06 off of its 52 wk high, Revett Minerals (RVMIF) is at a 4 month high, First Majestic Silver (FRMSF) hit a 52 wk high, and Capital Gold Corp (CGC) is also up to a 1 month high off of the lows it was at when I suggested it as a buy. ;)

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About Aaron Basile
Market Technician, Equity/Commodity Trader, Austrian Economist, Contrarian Investor

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