Loading ...Chen Lin : Silver is the new Lithium
What I do like about Chen Lin is that he is absolutely NOT a gold/silver bug, this is the first time that he take a position so positive about Silver.
He suggests Silver X as his favourite silver stock, how many goldtenters knows this company? I had never hear about it until today.
Silver-X ?
Grand niece of Bre-X?
Not a great pedigree.
If it would make the same performance of the X-ancestor I would buy it….I only must remind myself to sell it before the inevitable crash 🙂
Yes, keep on eye out for geologists falling out of helicopters.
LOL
It’s exploration, fine, but you know where it is in the food chain of the final goal of cash flow generation…. years and years away.
Plus it’s in Peru… talk about political risk. Oh sure it could be a huge exploration success and in a bull market it could fly, but for my $ I am investing in silver plays where FCF is on the near horizon in better political jurisdictions.. Rick Rule has stated in past years that you don’t have to take big risks in the silver space. The quality producers offer plenty of upside leverage. My view is stick to the producers to near term producers.
Thank you for your opinion.
I’m considering to switch my beaten down Americas silver and Triumph gold into Silver x or Maple gold…..I’m almost certain that if I do that Usas and Tig will fly 🙂
Here is the chart.. pretty beaten down, but I prefer buying stocks that have put in a bottom:
https://stockcharts.com/h-sc/ui?s=AGX.V&id=p32284274586&listNum=51
Here is what a bottom looks like while other silver stocks flounder:
https://stockcharts.com/h-sc/ui?s=NEWP&p=W&yr=3&mn=0&dy=0&id=p34024024682&listNum=51&a=1190128564