Monday, February 21, 2011

World markets down

Markets around the World are down today due to riots in Libya. Probably SPX will also go down tomorrow (11 points down as I am writing this) but the question is are we going to see a small correction or just a temporary dip as three weeks ago when it went down due to Egypt unrest?

Precious metals look like a safe bet right now since they are rising when the market rise but also in times like this. Silver is rallying, $33.8 an ounce right now, up 6.3% since Friday close and I think it's a better deal than gold at this moment.

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