Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Central Fund of Canada
So what: About half of Central Fund of Canada's assets are in silver, with much of the remainder in gold. The price of silver fell more than 13% in Asian markets before U.S. markets opened on Monday morning, with no apparent catalyst for the sell-off.
Now what: The price of silver has been on a tear, increasing 5.5% last week and more than 50% year to date to a 31-year high. Along with gold, many investors view silver as a hedge against inflation and/or a weakening dollar. Silver's spectacular run has brought valid warnings that its price could come crashing down.
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Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.