Gold Stocks vs Silver Stocks – Where’s The Opportunity?
Erik Wetterling, Founder of The Hedgeless Horseman joins me for a close look at how the gold stocks have preformed compared to silver stocks. With both metals doing very well of late it should be noted that the safe gold stocks and riskier silver stocks have been the ones moving.
+1 Most of the Silver stocks have been outperforming the Gold stocks in this recent move, just like they have on each rally the last few years, and especially in 2016.
If investors are positive on Gold prices & Gold miners, they are nuts if they don’t have some Silver stocks exposure.
I like IPT for example. and USA. I do expect a tol from BHS as well since they are very close getting in production. When they are, they will get off the ‘high risk’ investments. Things look okay in the way progress has being made, albeit slowly. You can see that the ‘real’ producers are doing way better now in the start of this bull market, while the bigger gains can be made in that other category.
tol = lot
Great comments on BHS Bayhorse, and I agree as they move into commercial production, then more investors will be willing to take a position.
Yes, it is typical for producers to move first early in a metals rally, and then for the developers and explorers to catch up after that.
May I suggest we satisfy over half of college students, by inserting an “l” into the phrase on coins….?
Fake-branded Bars Slip Dirty Gold Into World Markets
Reuters | August 28, 2019
“In the last three years, bars worth at least $50 million stamped with Swiss refinery logos, but not actually produced by those facilities, have been identified by all four of Switzerland’s leading gold refiners and found in the vaults of JPMorgan Chase & Co., one of the major banks at the heart of the market in bullion, said senior executives at gold refineries, banks and other industry sources.”
https://www.mining.com/web/fake-branded-bars-slip-dirty-gold-into-world-markets/
Pt back over $900
Silver closed up today at $18.31.
Little by little it is starting to play catch-up to the move Gold has had, as expected.
Edward Gofsky (@EdwardGofsky) Tweeted:
$IPT.V Silver stock with a bullish {Triangle} setting up. $.52 triggers long. Stop@$.40.
We’re looking at a probable double when it clears .50 on a weekly close…
https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=4&mn=0&dy=9&id=p80421808704&a=676382921
It will be nice to see IPT with $1 handle.
Doc, have you bought any SLB yet? I am tempted but have not bought yet.
BB, I haven’t and SLB is approaching a very important support area at about 28. It appears at this time that area will not hold over time. I’m not pulling the trigger yet since right now charts are telling me we can wait for lower lows.
Thanks, Doc.
Tree planting search engine gets boost from Amazonian Forrest Fires.
NEW YORK (AP) — Can you save the rainforest from your desk? A spike in downloads for a search engine that’s contributing profits to planting trees shows people are looking for ways to help as fires rage across the Brazilian Amazon.
But experts say that while such efforts won’t hurt, there are better ways to contribute.
Ecosia, a search engine founded in 2009, works with about 20 tree-planting organizations around the world in hopes of planting a billion trees by 2020. The Berlin-based company has pledged to plant an additional 2 million trees in Brazil in response to the fires.
Ecosia uses Microsoft Bing’s search engine technology and sells ads just like many other tech companies. But instead of rewarding mostly shareholders, the company said it is contributing 80% of its profits to tree-planting efforts and keeping just a small amount for itself. The company estimates it can plant one tree for every 45 searches that people do.
Other companies and even celebrities are also taking action in response to the fires. Apple, for example, has pledged aid, though it has not given many details. Leonardo DiCaprio’s foundation has pledged $5 million.
Can a typical person help the rainforest by simply changing search engines or supporting certain companies?
While switching to Ecosia requires little effort and “might make a difference,” the best way to respond is to give directly to a charity that specializes in a cause and spends donations wisely, said Larry Chiagouris, a professor of marketing at Pace University.
Art Markman, professor of psychology and marketing at the University of Texas, said disaster relief tends to be reactive and driven by the news cycle. He said charitable organizations can capitalize on that by making it easy to give money.
“Generally speaking, doing something is better than doing nothing,” said Art Markman, professor of psychology and marketing at the University of Texas. “We tend to do things that are easy.”
A nonprofit called B Lab has certified Ecosia as a for-profit company with a social mission. Ecosia’s bigger goal is to combat climate change. It works with such nonprofit groups as The Nature Conservancy and the Eden Reforestation Projects.
Although it’s possible to use Ecosia from a standard web browser, people can download an “extension” tool to make it the default search engine on traditional personal computers. Ecosia also has an app for iPhones, iPads and Android devices.
Since the fires began, Ecosia has seen downloads of the apps and extensions spike 10-fold, to about 250,000 a day, much for it from the U.S., Brazil, Latin America, Canada and Europe. Ecosia has also gotten 100 million searches a week, which the company says is a “huge increase,” though it isn’t saying by how much. The company said the spike has come through word of mouth via social media and media reports.
“We’re very sad about what’s happening, but at the same time we’re really overwhelmed by all of the positive energy from people coming our way who want to do something,” Ecosia founder Christian Kroll said.
Total distrust of Google has also helped.
Ira’s metals
A good runup lately in silver guys. Like many have pointed out, resistance areas and multi-year highs around the $18 mark have eventuated and is positive news. I just wonder if people are starting to think they have missed out on gold latest run and are therefore turning to “poor mans gold” in silver?
I agree with Ex that silvers 2016 high of $21 could be in danger soon… Especially if we can have a solid close to the week above $18. Agreed on the miners outlook too. Whilst I no longer have money on the table in PMs miners, they look a healthy option, particularly silver miners in the longer term.
Inteesting tid bit………………..On the Peso…..
Gold is now Peso’d at 87,538.55, proving this currency added another 2,313.25 Pesos to the price with Silver doing the same at 1,044.95 Peso’s proving a whopper of a gain at 48.945 A-Pesos. Please recall this currency was once directly tied to the US Dollar 1 to 1.
early morning……inteesting not, change to interesting…. 🙂
Dollar is doomed………better get silver and gold while you can…. 🙂
Debt……….showing more of it’s Ugly Side………….via to much credit…….and a sneaky deflating dollar……….worthless piece of trash……via a central banking scam going on for 100 yrs…….
https://www.zerohedge.com/news/2019-08-29/despite-super-low-mortgage-rates-july-pending-home-sales-plunge-back-contraction
Kootenay Intercepts More High Grades On Columba Silver Project, Mexico
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190829:nCNWHvcqKa
Gold Miners Index (GDM):
https://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=1&mn=2&dy=0&id=p10374288064&a=577249153
GDXJ at important resistance:
https://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=7&mn=6&dy=0&id=p20079300203&a=385422417
This is a good technical spot for the USDX to bounce vs gold:
https://stockcharts.com/h-sc/ui?s=%24USD%3A%24GOLD&p=D&yr=1&mn=11&dy=0&id=p22076443481&a=682948171
John Newell: The Gold Stocks are Only Just Getting Started (Correcto!)
https://www.youtube.com/watch?v=vnCDytjQg4E
Guys, silver is lagging in many ways but is up a lot more than gold since the May lows and is the stronger of the two right now. I like the gold juniors but the silver juniors will beat them as usual.