Silver

Silver at 31-Year Highs

Silver is exploding higher to new 31-year highs at the same time gold is trying to recapture its all-time highs. While gold and silver generally move in the same direction, they have slightly different cycles. It appears it is silver’s time to shine. Some readers seem to be getting the impression that I am not bullish on silver, which is absolutely false. I am hesitant to add at current levels,…

Is Silver Ready to Explode?

Precious metals investors have long been waiting for an upside breakout in silver. Given that investors have been put to sleep by the action in silver, it is not surprising that few have noticed that silver is approaching critical price levels. Silver is such a thinly traded market that moves to the upside tend to be explosive. Precious metals aficionados will recall the Hunt brothers’ attempt to corner the silver…

Are Gold and Silver Breaking Out?

It gives me great pleasure to know that we’re in the middle of another move in precious metals that will silence all skeptics, deflationists, mainstream media analysts, and gold bubble experts. By now, we should have already been mired in a deflationary collapse that has gold testing $500. Instead, gold is retesting its all-time highs in the midst of weakness in nearly all asset classes. Gold is rising counter to…

Gold, Silver Nearing Major Breakout

I believe we have recently added a much-needed element that will lead to much higher gold prices- boredom. General gold sentiment amidst near-record prices is muted and reminiscent of sentiment last fall when we broke out to new highs, backtested the breakout, then rocket launched for 3 straight months. It was the type of move that was met with widespread suspicion as even gold bugs were calling for a return to…

Silver Nearing Breakout

As the bull market in gold gathers steam, more and more investors will be looking for an alternative to the yellow metal. Since the average investor focuses on price, silver will likely receive increased capital flows moving forward. Just think about the “cheapness” phenomenon in stocks. A $2 stock is seen as “cheaper” than a $100 stock, even though if the stock goes to 0, you lose 100% both times. Silver…