Silver Surge
The silver surge that we have been patiently waiting for, is likely sooner rather than later. I say that because the charts(as I posted the other day) are showing that bonds are rallying(interest rates declining) while inflation continues hot, at least for the near future. The bond rally will probably reach it’s expected target, corresponding with a drop of aprox. 1/4 percent in the 20 yr. yield, over the next three weeks, around the end of the month and second quarter. That doesn’t make a rally in gold and silver automatic, but very likely. I have a suggested three prong approach to take advantage of any coming silver surge. It is balanced and geared for the long term because if we do get the expected breakout above the double top around 30, from last August and this Feb., that would represent the beginning of a new leg higher even if there is a backtest. All three positions I have discussed in the past. My proxy for physical silver, PSLV is the core and here just under 10, is good value. The best silver mining company is MAG as it has now moved from an exploration play into an actual (partial) owner of a producing mine. Since the bottom at 14 less than 3 months ago, MAG is knocking on the door of it’s ATH and will be going thru it like a hot knife thru butter, any day. My speculative portion of the portfolio is Viscount Mining(VLMGF) which broke out on Friday. This one has a mind of it’s own. It often pulls back when silver rallies and soars sometimes when silver corrects? For that reason I recommend anyone interested, to watch it closely and try to pick off purchases when it has unexpected drops that seem to come out of leftfield. My one other silver rock that I like is Blackrock Silver(BKRRF). I only want to add to that one, if by some small chance, it drops to fill the small gap around .75 cents. Probably won’t but if it does that is great value. Hopefully, this is the week. Good luck to all.
Thanks CM
Good stuff CM. I own plenty of PSLV and MAG. I will review your 2 speculative securities. Thanks!
Your welcome Sir Isarmina. If you or anyone decides to try for VLMGF I would place orders for .33 cents. As I said above, it sometimes has wild swings even when silver rallies. Good luck.