TSXV:SLX.P - Post by User
Post by
Stevsteron Aug 04, 2011 9:58pm
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Post# 18906622
Dines, today said.......
Dines, today said.......
As we ponder what might happen next, our take is that the
"missing link," for which we have been waiting patiently, is a
catch-up rally by precious-metal mining SHARES, which have been
waiting quietly on the sidelines as the actual metals have had
all the fun. Obviously, higher metal prices mean the value of ore
bodies owned by their mining companies rises at least
commensurately. The investing public, suddenly optimistic on
silver, has naturally been storming into ETFs, because they have
not yet done the research on which specific silver companies to
buy. Indeed, few noticed that our last IWB included a new silver
recommendation one of the few silver-mining companies that has
not yet risen much. When might gold and silver stocks join the
party? We expect their final bottom to be put in by October, but
maybe even this September. These are emotional markets, peopled
by new gold/silver buyers, so volatility would hardly be a
surprise. We still believe that the main trend for precious
metals is up and, as pointed out in our Annual Forecast Issue,
gold's price has risen in every one of the last ten years