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iShares Silver Trust matches the price-action of silver |
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| iShares Silver Trust matches the price-action of silver |
| Wednesday, 23 July 2008 | ||||||||
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Over the past few months we’ve been telling you about how silver enters a seasonal push around mid-summer and goes on to move higher until the end of the year. This pattern has repeated itself for the past few years. And it’s set to repeat itself again this year. With inflation soaring and plenty of uncertainty in the financial markets, it’s no wonder investors are buying up silver in droves. Silver allows them to make money from inflation AND act as a form of insurance during times of uncertainty. Most importantly, the price of silver broke above the $18.50 per ounce price-range recently, and it is preparing to charge past its previous high of $21.44 an ounce. If you haven’t already, get into some longer-term options on the iShares Silver Trust (SLV) which matches the price-action of silver. Summary- This all adds up to one huge disconnect. 1. The spot price of uranium is unrealistically low. 2. Uranium supply and demand fundamentals remain robust. 3. If you want to invest in uranium, you must buy shares. 4. The junior uranium stocks are in exceedingly oversold ranges. 5. We are approaching the best time of year (the traditionally weak summer) to make mining share purchases. If you are looking to take positions in tomorrow’s bull market …uranium stocks more than qualify. The present uraniphobia won’t last. Invest Resourcefully, Rusty P.S. To let me know what you thought of today's article, send an e-mail to: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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