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Message: Silver Prices and why they will swing up

Lafazani
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Silver Prices and why they will swing up

posted on Feb 23, 09 04:46AM

I remain perplexed with regards to silver prices. I am not going to delve into why it should rise in these times, but rather to the reasons why silver will outperform this year possibly setting another high.

And contrary to Roubini and others, I don't think the green back has much to do with it; rather foreign currencies which are tied to exporting economies.

That being said, all of the fundamentals of what is currently occurring points to a higher gold and silver prices in the future.



I have been buying physical gold and silver lately, but find the premiums to be too much compared to the risk; i.e., paying 10-20% over spot price.

Therefore, I have been eyeing the Major Miners; they, too, are near their highs at this time. Have I missed the boat? Wish I would have bought more several months ago.

Then I turn to the Junior Miners. They are going up, too. Look at New Gold, for example. Should have bought 1 month ago.

Next I look at the explorers. They have yet to see a similar increase in stock value. I am putting my money in these explorers.

Maybe this has to do with Gold/Silver in Hand vs. Gold/Silver in Ground mentality. Silver in Ground is Silver in Hand --long term -- it just hasn't been brought up yet. It is being stored in "Our" backyard for the time being. If you are of that opinion and can find a Junior with enough volume, you could strike a nice bargain. Time to dust off the reading glasses.

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