Tag Archives: silver

If you want to make rabbit stew, first, you have to catch the rabbit so hopefully, first, we'll see some concrete signs that a bottom is in before the regurgitation of “Gold is going to $10,000!” starts showing up in a host of new articles pandering for attention. The best way is to decide for yourself...so let us go to the most reliable source, the market, and see what the prices of gold and silver have to say about what everyone else has been saying about them. People have been known to exaggerate, even lie in their “opinions,” but the market never does either.

This ten minute interview with Eric Sprott is excellent and worth your time. He makes the best case I have heard or read recently about why the financial fundamentals are so good for precious metals...both physical gold and silver and the good mining stocks. It is really worth listening to.

No one has a crystal ball and I certainly don’t claim to have one. [Nevertheless,] I strongly believe that the prices we see today in gold and silver will be looked back upon in the next few years as a great buying opportunity. The data I read and understand tells me the case for gold and silver is now a strong one...If you are conservative dollar cost average into a position for a long time now [otherwise] I am OK with a full allocation into gold and silver at this point in time...

It’s been a tough road for precious metals but the path ahead has strong potential of being significantly profitable and in a short period of time. The buying opportunity that we’ve spoken of for months could be days away. When precious metals equities rebound, they rebound violently.

Not one Precious Metals guru has gotten anything right in the last 18 months. All have been calling for considerably higher prices. Over the past several months none called for sub-$1,300 gold and sub-$20 silver. Crystal balls do not work and never have. When it comes to markets, anything can happen [but the charts convey that] there is no apparent ending action suggesting a selling climax or even a cause for a reaction rally. Take a look.

Charts provide certainty, for they are absolute and the final word at the end of day, week, month, etc. There can be no dispute over a bar’s high, low and close, plus the volume, for whatever the time period under consideration. There is a high degree of logic within them and, while there can be differences of opinion over their interpretation, establishing a fixed set of parameters can mitigate most any potential dispute. So just what are the charts saying about the current trend in gold and silver? Let's take a look.

Silver is less predictable than gold. Its ups and downs are far more pronounced than gold's and occur with greater regularity and its declines are far more damaging. That unpredictability makes silver no longer worth the risk...

The Pebble Mine Project is a world-class copper, molybdenum and gold deposit in Alaska with the potential to employ over 16,000 in high-paying jobs across a wide range of industries for 30+ years boosting the state ecomomy and generating significant tax revenues in the process.

You cannot control what others do, especially those in power. You can control what you do. Just keep buying, regardless of price, because if/when the price of gold and silver were to go lower, you may not be able to buy. If/when the price of gold and silver were to go higher, it may be at such an accelerated rate that any price in the past few years seem cheap. Words: 550

Precious metals - Gold, Silver, Platinum, Palladium and there respective mining shares - have failed to sustain any rebound despite tremendously supportive sentiment amid an extreme oversold condition. Nevertheless, we believe that the bottom is in and a rebound should begin very soon. The question though is, "What will the driving force be for a sustainable rebound which will evolve into a new cyclical bull market?" Below are several options to be considered and my assessment as to which it will be - and why.