Precious metals: Time to 'get invested'

Filed under: International markets, Newsletters, ETF Investing, Commodities, Stocks to Buy

"Getting invested in precious metal for the long term is our end game," says Daniel Frishberg, host of BizRadio and editor of The MoneyMan.com Gold & Oil. Here's a look at two ETFs.

"It looks as if prices could go higher short term, especially if US dollar weakness continues. The risk of owning gold at today's price level is that net commercial short positions continue to increase.

"Attempts by producers and speculators to bid up prices are matched by increases in commercial short positions. Gold prices are being controlled not by physical buyers and sellers, but by futures traders.

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Precious metals: Time to 'get invested' originally appeared on BloggingStocks on Thu, 06 Aug 2009 18:30:00 EST. Please see our terms for use of feeds.

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