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Silver Stocks: Cheaper is Better
Two weeks ago precious metals were as hot as ever. Gold prices were climbing. Gold stocks were doing even better. And silver prices were leading the way.
The old adage, “when gold climbs, silver soars” was playing out perfectly. Gold booked its biggest monthly gain since November. Silver, however, climbed past $15 per ounce and had its biggest monthly climb in 22 years according to MarketWatch.
Silver was showing its value as a dual-purpose commodity.
As an industrial metal, silver’s uses in healthcare, photography, and as a chemical catalyst (just to name a few) has made it more attractive as the economy…
16Jun2009 | Q1 Publishing | 0 comments | ContinuedTwo Angles on Silver’s Potential Price Surge
Late last month, one world’s greatest speculative profit plays made an important breakout move.
This speculative investment is the tiny group of mining stocks that operate as pure plays on the price of silver.
If investment assets were all patients in a mental ward, bonds would be the guy who sits silently in the corner and stares out the window. Stocks would be the guy who wanders the hall and mumbles to himself. And silver would be the guy they keep in the padded room all day.
And with good reason.
As the chart that follow shows us, silver prices are subject to fast,…
9Jun2009 | Money Morning | 0 comments | Continued
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