FED has begun a cycle of rate cuts although they don't want us catching that idea. Trump is downright determined to get the FFR back to 0% as quickly as possible, going so far as to demand the FED to cut rates 100bps at yesterday's meeting. Powell made clear that the FED doesn't want to turn this into a "trend of rate cuts" but that they would take appropriate...
After breaking-out in June and then subsequently digesting that move for several weeks within a Flag pattern, shares of SPROTT INC - TSX:SII OTC:SPOXF are once again in Flag mode having broken to higher ground a week ago and digesting the recent thrust into northern territory as evidenced in the Daily chart above.
In addition, SII currently trades above all...
Ever dream of being part of a swashbuckling pirate adventure in the search for the 'X' on the map? I have an inkling that this year marks the day where we could get lucky. I've marked the initial 'X' on this map but there could be much greater treasures to find for the courageous. Look to the traditional treasures this year, silver, gold, miner's and a fortune...
CDE is a great buy here as the stock has broken out of a 8 year down trend starting in 2011. CDE has lagged other silver miners slightly during these recent silver breakout ().
They are optimizing recovery and costs at current claims and have a great deal of exploration and potential for new claims in the works. They have suffered from aggressive short selling...
Expect the gold/silver ratio to leap higher as silver underperforms Gold. Gold will rally but silver will remain muted, at least for a while. Then as the Gold/Silver ratio hits resistance at around 100 a clear buying opportunity for silver will emerge. Gold should rally as the Gold/Silver ratio collapses and therefore Silver is a screaming buy at these levels....
The bull run in the precious metals complex which officially ended in Oct 2011 dragged the prices of the white metal to up to 50USD per ounce. That was a staggering 393% growth which took the prices from 10USD to 50USD however from there we have seen more than 70% correction in silver prices. The interesting part is even when gold is able to break it's 6 years...
