Metals stock have been under-preforming during this last leg higher
Jordan Roy-Byrne joins me for a look into the recent out-performance of gold and silver over the stocks. Even today we are seeing the stocks fade as the metals make a new leg higher. It’s important right now to focus on the near term drivers for your individual stocks.
… LOL …
Silver has another 25-30$ to match gold’s move. With silver now at $28.24…it has ripped through the so called 27$ resistance level. Shock and awe times are here! Silver being both a monetary and an industrial metal, is simultaneously sniffing a lot more fiat printing, inflation….as well as an impending chase of real commodities via the banks and “money-class” who run this corrupt and near-dead-ish? financial system.” Trillions more digital currency is coming soon as the “Don” needs to buy votes asap!!
Matt also said 2+ weeks ago that the silver stocks have been stealthily correcting vs physical silver price for months. If this is true, then if or when the silver stocks “catch-up,” it will most likely occur quickly and leave as many traders and punters on the sidelines as possible. There are several scenarios as to how this will happen, but this turkey is not getting cute here and trading in and out….I leave that to the pros. This is a massive impulse move which “may or may” not be close the the interim finish line.
crazy uncle silver!!
Ditto confused..on….”Silver has another 25-30$ to match gold’s move”
Until silver get over $49…..it has more work to do…..
Silver is relentless
Ditto……and best to own some, because it is going a lot higher…. 🙂
The game is 1,2,3………
New gold target out today…….. $2342…….Gann Report……hot off the press….
AG down two days in a row. With silver up 8%, earnings after the close. I might pick up some more for an earnings play. Quite a few silver stocks not believing this silver move? Check out PVG more after earnings!
Go figure PVG with a producing mine & 20 AU million oz inferred ONLY @ $12.70 US, and SA its neighbor3- 4 years from production, with no buyer in sight @$19.50 US
I have a sick feeling about this divergence between spot silver & the Ag miners
Yep, I hear your message. Maybe all the differences are because the move has been soooo fast?
PVG is worth $1 billion more than SA so that production is good for something.
make the “move”
Which last leg? I only have two