The Burl Ives trade is back on, silver and gold! Silver traded down pretty much from Mid-September all the way to Mid-December. That is way too long of a suppressed period for a hard asset that should be launching into the stratosphere.
With imminent stimulus, ridiculous central bank policies around the world, and the gradual decline in the validity of fiat currency, silver should be trading way above these levels. It has been trading sideways too long, but you know what they say; "The bigger the base, the higher the space!".
I believe silver is only beginning to take-off and since silver has more alpha than gold it should auger for better returns than gold. Silver should easily get up to $28 and most likely hit $30; especially once the stimulus is finally decided on and announced.
SLV is a great way to play silver in your portfolio, SLV is an ETF that tracks the price of silver. Hi ho silver! Go long; you can also check out my previous post which mentioned the Gold/Silver ratio (which has been tilting in silver's favor).
With imminent stimulus, ridiculous central bank policies around the world, and the gradual decline in the validity of fiat currency, silver should be trading way above these levels. It has been trading sideways too long, but you know what they say; "The bigger the base, the higher the space!".
I believe silver is only beginning to take-off and since silver has more alpha than gold it should auger for better returns than gold. Silver should easily get up to $28 and most likely hit $30; especially once the stimulus is finally decided on and announced.
SLV is a great way to play silver in your portfolio, SLV is an ETF that tracks the price of silver. Hi ho silver! Go long; you can also check out my previous post which mentioned the Gold/Silver ratio (which has been tilting in silver's favor).
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