Peter Krauth – Pro Tips On Stacking Silver And Investing In Silver Stocks As They Break Out
Peter Krauth, author of the book The Great Silver Bull and editor of the Silver Stock Investor newsletter, joins me for a wide-ranging discussion the recent breakout in silver prices, the supply/demand fundamentals driving this move higher in silver, and some pro tips on stacking silver and investing in the silver stocks.
We start off noting the recent breakout higher, and why Peter believes this is the beginning of a sustained move higher in the sector, why we should appreciate silver prices in the $30s along the journey, the $50 silver target, and even potentially higher prices this cycle. We review the supply and demand factors moving silver higher from both the precious metals side and the industrial side, and how those may develop over time. Peter provides some great advice and the things to be cognizant of when accumulating physical silver through custodians, and when investing in electronic forms of silver. He points out that with regards to spectrum of PM ETFs that his preference is for the Sprott Physical Silver Trust (PSLV).
Shifting over into the silver stocks, we cover general comment on the whole spectrum of companies from the larger to mid-size producers like Endeavour Silver (EDR.TO) (EXK) and First Majestic (FR.TO) (AG), down to the developers with ounces defined in the ground for optionality, and then some of the opportunities sprouting up in the junior explorers.
.
Click here to visit Peter’s site and follow along with his analysis of the silver sector
.
Endeavour Silver (EXK) – Finally, a silver stock that’s NOT overpriced!
Mining Stock Monkey – May 24, 2024
Hi there KER Crew. I just did another appearance on the Sachs Reality YouTube channel that aired this afternoon.
My hope was to get more into general macroeconomics and the commodities earlier, but Todd started things off right with the BRICS and how their potential currency could affect the US Dollar. We did eventually get into gold, sound money, energy, and commodities.
Just thought I’d share this with folks here if they want to check out the rant. 🙂
__________________________________________________________________________________________
Is the U.S. Empire Coming to an End (Destruction of the U.S. Dollar)?
Sachs Realty w/ Shad Marquitz – May 30, 2024
Congrads………Great job………
I must have missed the other one…. sorry
Thanks OOTB. The other show I did with their channel was 2 weeks back on the economy and real estate (mostly the challenges facing commercial real estate).
–> They should have had you on instead, because you know much more about real estate. 🙂
EX…… thanks for the reply…. appreciate the compliment…….
Thanks again, and keep up the great work.
Everyone not in The Western World sees what is happening but the American leaders and the public still think that America is relevant. Washington lives in a vacuum where they talk to one another, and they keep hearing the same reassuring voices that America is still great, and they forget that the rest of the world exists.
It’s like a room full of cigarette smokers trying to look through a narrow room of blue smoke. The debt is everywhere the bankers have been stepping into the breech time and time again, but they know their country is insolvent. The World does not want America to collapse because they know we will have a “Depression”. There is no way out of this mess without an economic disaster. DT
FED Warns Against Rising Delinquency Rates, Calls It A “Leading Indicator That Things Are About To Get Worse”
Caleb Naysmith • Benzinga – May 28, 2024
In 1929 stocks were dangerously high but America was a creditor nation visa the rest of The World. The economy had started to cool down in 1927, inflation had started to pick-up, but the debt levels were nowhere near what we are seeing today. America was on a gold standard, and they had industry. America had a very small government and a small military and little or no entitlement programs. There wasn’t an immigration problem like we see today. Industry and bank credit had become inflated by installment buying, but stock profits kept the party going. Once the stock market crashed and with it the hopes of profits to keep the party going vanished, the economy cratered.
Now look at the situation we have today, I don’t want to compare these two Worlds but to me it looks infinitely worse, and we won’t see a Great Depression, that will be off the books. We will instead see The Great Greater Depression. DT
‘…visa the rest of The World.’ ??? Didn’t you claim to be well educated Masters degree you said?
https://tinyurl.com/2e45nys8
NatGas: Latest HH Report
Downside Continuing
Grinding Bottom
Rick Rule on BNN Bloomberg at 10am MT.
Rick Rule is also speaking at Jayant Bhandari’s “Capitalism and Morality” event this Saturday in Vancouver. I’m thinking of popping up to check it out.
FREAKY FRIDAY …………..FACT……………..
As of yesterday COMEX reports that it has 62 million Troy ounces of registered Silver (if you believe it).
India alone has imported 134 million Troy Ounces (4172 metric tons) of physical Silver this year.
Theoretically, India can take COMEX registered Silver to ZERO in less than 2 months!
No surprise that Silver is being hit hard here by the shorts the morning of the the last day of the month, to paint the weekly/monthly tape down a bit from the $31-$32 level it had been holding at the last 2 weeks. It’s still constructive that it is over $30, but it would have been a more glaring monthly breakout at $31-$32.
I’m glad for your company as I was squawking about that this morning also, 😂 I was following this chart tick by tick!
Yep, a waterfall decline to pull the rug out from under pricing to kick off the day and force the price of silver lower for the weekly/monthly close. Not unexpected at all….
Santacruz, SCZ, first quarter results… I am back up to owning a bunch.
https://santacruzsilver.com/news/santacruz-silver-reports-first-quarter-2024-results/
Yeah, I still have a heavier weighting to Santacruz Silver as well, but they picked a bad day to put out results, with Silver correcting down hard on this Friday.
I’ve been thinking that the big move with silver will start when most do not expect it for the bull to be able to shake as many investors off as possible. June is seasonally a weak time for the precious metals so why not in June? Next week should set the tone, for better or worse.
I think the drop in silver shows the market maker’s desperation to paint a lesser than anticipated chart, so far they have not made a tick below $30…
Excelsior:
I was gobsmacked by the ecomomic indicators released today.
Chicago PMI: 14% BELOW the predicted value
Actual: 35.4
Forecast: 41.1
Previous: 37.9
Atlanta Fed GDPNow: 23% BELOW the predicted value
Actual:2.7%
Forecast:3.5%
Previous:3.5%
Maybe everyone else has dismissed these economic indicators, due to perceived innacuracies (The US stock market seemed to recover by EOD)
Shouldn’t the Recession/Deflation alarm bells be chiming?
If there is time, could you ask Craig H or one of the weekend guests about these economic indicators?
Thanks,
B
Hi there BrianE. Yes, agreed that the economic indicators came in weaker than expected, and it should be causing more concerns than they have, but right now the markets and most financial media has shrugged off the weaker than expected data.
We did ask Marc Chandler about these before recording his session today, but he was nonplussed about them, but noted the revision lower in GDP. He was more interested in focusing on the 2 weeks ahead than rehashing the data that had come in, so we focused more on that.
We are going to chat with Craig Hemke on Monday, so we’ll review that data with him and have him weigh in on it.
Thank you, Ex. WIll be istening to MArc and the weekend show, of course (and looking forward to Craig on Monday)
B
Thanks for listening to the KE Report show BrianE, and for your contributions here. Always nice to see you posting here.
Pretiorates’ Thoughts 31 – Gold & Silver Rally, Made In China
Published on May 28th, 2024 – Substack
https://pretiorates.substack.com/p/pretiorates-thoughts-31-gold-and